Financial accounting Master Research Paper Example | Topics and Well Written Essays - 3250 words

Financial history Master - Research Paper ExampleAlso, assume that the only thing that the Dow Jones sold was one slicing of stamp equipment for $190,000 in cash. a) How much did the Dow Jones originally pay for the piece of equipment that was sold COMPUTATIONBalance(at start)=1,181,171AddPurchase during the year=155,000LessBalance (at end)=(1,177,300) appeal of Equipment=158,871JOURNAL ENTRIESDebitCreditCash190,000Allowance for depreciation122,000Equipment 158,871 take up on Sale 153,129So the payment is do $ 190,000.bAt the fourth dimension of sale, what was the accumulated depreciation on the piece of equipment that was sold COMPUTATIONCost of Equipment=158,871Less Depreciation=(122,000)Book Value=36,871Less Sale proceeds=(190,000)Gain on Sale=153,129Therefore, the depreciation on the sale of equipment amounted $122,000.cDid Dow Jones record a gain or a loss on the sale of the printing equipment As per calculation in the part (b) it is clear fact that Dow Jones recorded a ga in of $153,129 on the sale of equipment.PART III Trump Hotels and gambling casino Resorts Inc. - Bonds1. Were the Trump AC Funding 11% First Mortgage notes, due 2006 issued at par, at a premium or at a terminate Justify your answer.After reviewing the long term debt section, according to my assessment Trump AC Funding 11% First Mortgage notes, due 2006 it was clearly indicated that the direction of the company funds the mortgage at par and the management of the company issues mortgage notes at par on the secondary market. 2. memorialise the entry made at the original... Although, their is no clear indication about the face value but I assume that the face value of the mortgage is $100.And the Trump AC Funding II 11 % First Mortgage notes bonds are issued on discount.Bond prices are fluctuated when the company opt the aggressive or conservative accounting policies. The adaptation of those accounting practices enforces management to issue the bond at discount or at face value.Macro factors like fiscal policy, interest rank fluctuations, recession in the economy and difference of timing in the issuance of bond makes a significant impression on the overall valuation of the company.5.Record the entry that was made for the Trump AC Funding II 11 % First Mortgage notes when these notes were issued on January 1, 1997 (Hint These notes were issued at 95.70% of their face value).8 Assume that on December 31st, 2001, Trump re-purchased all of the outstanding Castle PIK Notes for $119,500,000. What would the gain or loss be on the repurchase of bonds (net of tax rate of 40%)10Assume that on January 1st, 2001, the market rate of interest was 12% on bonds of similar risk to these Castle PIK Notes.