Nueva Vizcaya Company has the following accounts included in its December 31 trial balance: FA@FVTPL FA@FVTOCI...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Nueva Vizcaya Company has the following accounts included in its December 31 trial balance: FA@FVTPL FA@FVTOCI FA@AC Investment in associate Interest rate swap receivable Forward contract receivable Futures contract receivable Call option Petty cash fund Payroll cash fund Dividend cash fund P1,000,000 2,000,000 3,000,000 4,000,000 100,000 200,000 250,000 150,000 50,000 500,000 200,000 4. How should the sinking fund be reported in the company's balance sheet at December 31? Nueva Vizcaya Company has the following accounts included in its December 31 trial balance: FA@FVTPL FA@FVTOCI FA@AC Investment in associate Interest rate swap receivable Forward contract receivable Futures contract receivable Call option Petty cash fund Payroll cash fund Dividend cash fund P1,000,000 2,000,000 3,000,000 4,000,000 100,000 200,000 250,000 150,000 50,000 500,000 200,000 4. How should the sinking fund be reported in the company's balance sheet at December 31?
Expert Answer:
Answer rating: 100% (QA)
The sinking fund should be reported on the companys balance sheet at December 31 as a longterm inves... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
Students also viewed these accounting questions
-
Harding Corporation has the following accounts included in its December 31, 2014, trial balance: Accounts Receivable $110,000; Inventory $290,000; Allowance for Doubtful Accounts $8,000; Patents...
-
Harding Corporation has the following accounts included in its December 31, 2025, trial balance: Accounts Receivable $110,000, Inventory $290,000, Allowance for Doubtful Accounts $8,000, Patents...
-
Harding Corporation has the following accounts included in its December 31, 2012, trial balance: Accounts Receivable $110,000; Inventory $290,000; Allowance for Doubtful Accounts $8,000; Patents...
-
Use the following timeline to answer the question(s) below. 0 1 2 3 $600 $1200 $1800 At an annual interest rate of 7%, the future value of this timeline in year 3 is?
-
The annual examination of Tidal Companys financial statements by its external public accounting firm (auditors) is nearing completion. The following conversation took place between the controller of...
-
Companies sometimes provide funds to colleges and universities for buildings or stadiums. Do you think this is done because of a civic motivation or is it a marketing tool?
-
In the months leading up to the 2016 election, Christopher Steele, a former British intelligence agent, was hired by a Washington, D.C., research firm to investigate whether then-candidate Donald...
-
Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November follow. Additional information for November follows: Labor wage rate was $30 per hour. ...
-
Consider the closed system with mass-action rate constants as shown. Suppose the rate constants are (in min-1) k = 0.05, kg = 0.7, k2= 0.005, and k4 = 0.4. ki k3 A B C k2 ka (a) Construct a...
-
Journal Entry 14 15 17 19 SESSION DATE - APRIL 14, 2023 Memo #4 Dated April 8/23 From Owner: Cheque #5033 for $2 435.60 from Grande Pointe Towers was postdated and the discount period had expired. It...
-
You are interested in examining how respondents in the survey voted in the 1996 election?
-
1. (a) Find the orthonormal vectors by the Gram-Schmidt (8pts) A = [ a1 a2 a3] 1 1 1 = 012 1 10 (b) Find the QR factorization of A. (4pts)
-
I need to use interfaces and user input for textbook information. Something feels off about my code and working with interfaces is something brand new for me. Create a java program using interfaces...
-
I am writing a project for a student management system and I'm stuck on 2 parts of it. The first part is when I add multiple students into the arraylist and then go to list them in the text area it...
-
Calculate the WACC for a firm with a debtequity ratio of 1.5. The debt pays 10 percent interest and the equity is expected to return 16 percent. Assume a 35 percent tax rate and riskfree debt.
-
complete count and split methods We need to know the number of elements in an array with a value less than a given given value. To do this, we will create the method count, with two parameters, the...
-
Sunlight Computing wants to give each member of the sales team a small gift to honor his/her performance over the past year. The HR Manager gives her analyst the spreadsheet on the left that has the...
-
Use integration by parts to evaluate the following. Check your answer by taking the derivative. x2e-xdx
-
Stebbins Corporation established a wholly owned Canadian subsidiary on January 1, Year 1, by contributing US$500,000 for all of the subsidiary's common stock. The exchange rate on that date was...
-
Lexington Corporation acquired all of the outstanding common stock of Chalfont, Inc., on January 1, 2016. Lexington gave shares of its no par common stock with a market value of $504 million in...
-
Vulcan Materials Company, a member of the S&P 500 Index, is the nations largest producer of construction aggregates, a major producer of asphalt mix and concrete, and a leading producer of cement in...
-
Solve Exercise 1.22 using the concept of the transfer function. Exercise 1.22 Compute the inverse Fourier transform of \[X\left(\mathrm{e}^{\mathrm{j} \omega} ight)=\frac{1}{1-\mathrm{e}^{-\mathrm{j}...
-
We define the even and odd parts of a complex sequence \(x(n)\) as \[\mathcal{E}\{x(n)\}=\frac{x(n)+x^{*}(-n)}{2} \quad \text { and } \quad \mathcal{O}\{x(n)\}=\frac{x(n)-x^{*}(-n)}{2}\]...
-
Prove that \[\begin{equation*}\mathcal{F}^{-1}\left\{\sum_{k=-\infty}^{\infty} \delta\left(\omega-\frac{2 \pi}{N} k ight) ight\}=\frac{N}{2 \pi} \sum_{p=-\infty}^{\infty} \delta(n-N p) \tag{2.262}...
Study smarter with the SolutionInn App