WebVerified answer. business. An option to buy a stock is priced at \$ 200 $200. If the stock closes above 30 on May 15, the option will be worth \$ 1000 $1000. If it closes below 20, the option will be worth nothing, and if it closes between 20 and 30 (inclusively), the option will be worth \$ 200 $200. WebView full document. 10. A note receivable was discounted with recourse should be a. Included in total receivables with disclosure of contingent liability b. Included in total receivables without disclosure of contingent liability c. Excluded from total receivables with disclosure of contingent liability d. Excluded from the total receivables ...
When a note receivable is discounted with recourse?
Web39 minutes ago · Hospital stays and medications are also significantly cheaper in other countries. "I couldn't fathom paying what plastic surgery costs in the U.S.," Mark says, noting that his rhinoplasty ... WebOn April 1, 2024, Shalimar Company discounted with recourse a 9-month, 10% note dated January 1, 2024 with face of P6,000,000. The bank discount rate is 12%. The discounting transaction is accounted for as a conditional sale with recognition of contingent liability. On October 1, 2024, the maker dishonored the note receivable. finch\u0027s country store
Accounting Exam 3 Review - Chapter 7 Flashcards Quizlet
WebApr 1, 2024 · Business Accounting On April 1,2024, Aljean Company discounted with recourse a 9-month, 10% note dated January 1, 2024 with face amount of P6,000,000. … WebApr 1, 2024 · Business Accounting On April 1, 2024, Aljean Company discounted with recourse a 9-month, 10% note dated January 1, 2024 with face amount of P6,000,000. The bank discount rate is 12%. The discounting transaction is accounted for as a conditional sale with recognition of contingent liability. WebfOn November 1, 2006, Davis Company discounted with recourse at 10% a one- year, noninterest bearing, P2,050,000 note receivable maturing on January 31, 2007. 7. What amount of contingent liability for this not must Davis disclose in its financial statements for the year ended December 31, 2006? a. 2,050,000 b. 2,000,000 c. 2,033,333 d. 0 gta latest download