Posts by: Courtney C
Marketable Securities
Hi, 1. How do the different classifications of Marketable Securities impact the Income statement and the Cash Flow statement? 2. Can you explain how companies would game Marketable Securities? He mentioned how a company may try to switch it from as available for sale or held to maturity? T... Read More
Hi, 1. How do the different classifications of Marketable Securities impact the Income statement and the Cash Flow statement? 2. Can you explain how companies would game Marketable Securities? He mentioned how a company may try to switch it from as available for sale or held to maturity? T... Read More
Bonds Issued at a discount
Hi there-- I have a question from the video Part 2 Liabilities and Debt Accounting. On slide 318 it discusses accounting for bonds issued at a discount using the straight line method-- the numbers on the slide do not match the numbers in the video. coupon rate=6%, 10 year bonds sold for $863,700 and... Read More
Hi there-- I have a question from the video Part 2 Liabilities and Debt Accounting. On slide 318 it discusses accounting for bonds issued at a discount using the straight line method-- the numbers on the slide do not match the numbers in the video. coupon rate=6%, 10 year bonds sold for $863,700 and... Read More
Capitalization of interest
Hi- referring back to accounting bootcamp lectures, can you explain capitalization of interest, how it impacts the financial statements and how it ties in with deferred taxes? Also, if there are any additional videos on this topic, please let me know. Thank you.
Hi- referring back to accounting bootcamp lectures, can you explain capitalization of interest, how it impacts the financial statements and how it ties in with deferred taxes? Also, if there are any additional videos on this topic, please let me know. Thank you.
1. Could you explain how prepaid expenses are accounted for and the impact on the financial statements? I am looking at the Morgan Supplies Company example and wondering how you would know to expense the 28? 2. if you purchased a machine for $34,000 in cash during 2013 and after depreciation t... 1. Could you explain how prepaid expenses are accounted for and the impact on the financial statements? I am looking at the Morgan Supplies Company example and wondering how you would know to expense the 28?
2. if you purchased a machine for $34,000 in cash during 2013 and after depreciation the book value in 2014 is 8,500. if you want to sell the machine and report a gain of $1500 on the IS (selling price= $10,000)-- how would you do this?
for the BS would PPE be written down like (8500) and then a gain as cash and and revenue under SE? On the IS would the gain of $1500 be recorded under Other Income or under revenue?
Please explain. Thank you. Read More