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Just making sure these are right. Question Completion Status: QUESTION 8 On the December 31, 2020 balance sheet of Soppe Co., the current receivables consisted
Just making sure these are right. Question Completion Status: QUESTION 8 On the December 31, 2020 balance sheet of Soppe Co., the current receivables consisted of the following: Trade accounts receivable $75,000 Allowance for uncollectible accounts ($2000) Claim against shipper for goods lost in transit (FOB shipping point) (november 2020) $3,000 Selling price of unsold goods sent by Soppe on consigment at 130% of cost (not included in:Soppe's ending inventory) $25,000 Security deposit on lease of warehouse used for storing some inventories $30,000 At December 31, 2020, the correct total of Soppe's current receivables was: 66000 QUESTION 9 Muenzemay Corp. recently issued 10%, $100,000, semi-annual bonds for 8%. They are 10 year bonds. They were purchased by Dr. Ben Inc. The Present Value of the Investment by Muenzemay is equal to how many dollars? HINT: The correct factor to use for PV$1 is.45639 113590.65 QUESTION 10 RESET THE QUESTION: Suppose instead that with the same information in no. 9 that the PV of the investment equaled $115,000 (it doesn't, but its within range of that). Th what is the incremental impact on net income on the first interest payment date for Dr. Ben? Assume straight line (SL) amortization of discount/premium 4250 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Type here to search o RI QUESTION 11 Assume the same information as no. 10 above, what is the incremental impact on net income FOR DR. BEN, when Muenzemay pays Dr. Ben his 8th interest payment? 4250 QUESTION 12 Assuming the same information as no. 10. What is the incremental impact on net income for Muenzemay on the last day of the life of the bond? 0 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answ Type here to search a
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