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A company with 700000 outstanding common shares declares a dividend of 0.085 baisa per share on January 20 the payment date being on February 20.
A company with 700000 outstanding common shares declares a dividend of 0.085 baisa per share on January 20 the payment date being on February 20. Identify the a/c credited on January 20. Oa. Retained Earnings RO 59500 O b. None of the given options c. Cash A/C RO 59500 Od. Dividends Payable RO 59500 Next page Question 12 Not yet answered Marked out of 1.00 Flag question Calculate the interest payment made for year 3 (refer to Case Study 1). O a. None of the given options O b. RO 13170.78 O c. RO 7240.85 O d. RO 10353.71 Question 13 Not yet answered Marked out of Calculate the closing balance in the Amortization Table for year 1 (refer Case Study 1) O a. None of the given options Ob. RO 26829.22 1.00 Flag question Oc. RO 13170.78 Od. RO 98606.78 Information Flag question Strawberry Inc issued RO 600000 of 10 years, 15% secured bonds at RO 120 on March 1, 2017. The bonds are dated January 1, 2017. Interest is payable on January 1 and July 1. The bonds will be outstanding for 9 years and 10 months or 118 months. Answer the questions given related to the case and the topic in general. estion 16 yet vered Calculate the Interest Expense debited on 2017, July 1 (refer to case study 2): O a. RO 55000 ked out of O b. RO 45000 O c. RO 65000 g question O d. None of the given Options d 17 ut of Identify the account credited on January 1, 2019 to reflect the payment of Interest (refer to case study 2)? O a. Cash O b. Interest Expense O Premium pe here to search I D C: Question 18 Not yet nswered Calculate the amount debited to Cash A/C on March 1, 2017 (refer to case study 2): O a. RO 600000 Marked out of O b. RO 120000 00 O c. RO 735000 Flag question O d. RO 15000 estion 19 St yet swered arked out of 0 Flag question If the market rate of a bond is similar to its contractual rate, the bonds are issued at: O a. None of the given options O b. Premium c. Par Od. Discount Type here to search Information Flag question Blueberry Company signed a 5 years lease agreement on January 1, 2019. Annual payments are RO 40000 at the beginning of each year. At the end of the lease, the equipment will revert back to the lessor. The equipment has a useful life of 5 years with no residual value. At the time of the lease agreement, the Fair Value of the equipment is RO 170000, an interest rate of 10.5%, and straight-line depreciation are used. Answer the questions given based on the case and related to the topic in general. Question 11 Not yet answered Marked out of 1.00 Flag question Calculate the payment made towards the principal for the base year or year 0 (refer Case Study 1). O a. RO 10354 O b. RO 13171 O c. None of the given options O d. RO 40000 Question 12 Not yet answered Marked out of 1.00 Calculate the interest payment made for year 3 (refer to Case Study 1). O a. None of the given options O b. RO 13170.78
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