problem 1 and 2

Problem 1: At December 31, 2014, Kuya's liabilities include the following: a. During December 2014, Kuya received Php 75,ooo from Ate, a customer, as an advance payment for a handicraft that Kuya will make to Ate's specifications. From this transaction, Kuya has a Php 75,000 credit balance in its accounts receivable from Bunso at December 31, 2104 b. Php 10,000,000 of 10% bonds were issued at face value on June 30, 1995. The bonds mature on June 30, 2024, but bondholders gave the option to call the bonds on June 30, 2015. However, the call option is not expected to be exercised, given prevailing market conditions. Php 10,000,000 of 10% notes are due on March 31, 2019. The financing agreement contains a covenant that requires Kuya to maintain current assets at least equal to 200% of its current liabilities. As of December 31, 2014, Kuya has breached this loan covenant. On February 10, 2015 before Kuya financial statements are authorized for issue, Kuya obtained a period of grace from Mayumi bank until January 31, 2016, having convinced the bank that the company's normal 3 to 1 ratio of current assets to current liabilities will be reestablished during 2015. d. Php 15,000,000 of noncancelable 12% bonds were issued at face value on September 30, 1993. The bonds mature on August 31, 2015. Kuya expects to have sufficient cash available to redeem the bonds at maturity. Required: 1. What portion of Kuya Company should be reported as a noncurrent liability? Problem 2: In packages of its products, PLACID, INC. includes coupons that may be presented at retail stores to obtain discounts on other Placid products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Placid honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Placid estimates that 60* of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Placid during 2020 as follows: Consumer expiration date December 31, 2020 Total payments to retailers as of December 31, 2020 Php 165,000 Liability for unredeemed coupons as of December 31, 2020 Php 99,000 OUR LADY OF THE PILLAR COLLEGE CAUAYAN COLLEGE OF ACCOUNTANCY INTERMEDIATE ACCOUNTING > Required: 2. What is the total face amount of coupons issued by Placid, Inc. in 2020? Problem 3: On January 1, 2016 Grader Company issued its 10%, 4 year convertible debt instrument with a face amount of Php 4,000,000 for Php 4,400,000. Interest is payable every December 31 of each year. The debt instrument is convertible into 35,000 ordinary shares with a par value of Php 100. When the debt instruments were issued, the prevailing market rate of interest for similar debt without conversion option is 8* (Carry PV factors up to 3 decimal places) Required: 3. How much of the total proceeds represents the equity component? 4. What is the balance of the unamortized premium on debt instrument as of December 31, 2016