{"id":49272,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/accounting-questions-2"},"modified":"2017-08-16T12:23:23","modified_gmt":"2017-08-16T12:23:23","slug":"accounting-questions-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/accounting-questions-2\/","title":{"rendered":"Accounting Questions"},"content":{"rendered":"<p>ASC &nbsp;835-30-25 through 835-30-25-13 Recognition:<\/p>\n<p>&nbsp; &nbsp;1. As discussed in class, business transactions often involve the exchange of cash, property, goods or services for a note receivable. Read the section on recognition and describe how the amount of interest is determined in the following cases:<\/p>\n<p>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; when the entity receives a note and provides cash to the borrower.<\/p>\n<p>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; when the entity receives a note and provides property, goods or services to the buyer.<\/p>\n<p>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; when the entity receives a note but must determine an imputed interest rate.<\/p>\n<p>See attachment to answer the questions(a,&nbsp;b,&nbsp;c). You can find all the answers in the attachment doc, just rewrite the answers to your own word and explain the answers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ASC &nbsp;835-30-25 through 835-30-25-13 Recognition: &nbsp; &nbsp;1. As discussed in class, business transactions often involve the exchange of cash, property, goods or services for a note receivable. Read the section on recognition and describe how the amount of interest is <a href=\"https:\/\/www.benedictsol.com\/blogs\/accounting-questions-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49272","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=49272"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49272\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=49272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=49272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=49272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}