Excel Applications for Accounting Principles

4th Edition

ISBN: 9781111581565

Author: Gaylord N. Smith

Publisher: Cengage Learning

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Concept explainers

Debenture Valuation

A debenture is a private and long-term debt instrument issued by financial, non-financial institutions, governments, or corporations. A debenture is classified as a type of bond, where the instrument carries a fixed rate of interest, commonly known as th…

Note Valuation

It is the process to determine the value or worth of an asset, liability, debt of the company. It can be determined by many processes or techniques. Many factors can impact the valuation of an asset, liability, or the company, like:

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Textbook Question

Chapter 11, Problem 5R

Use the worksheet to compute the bond issue price and amortization schedules if the effective interest rate is 8.2%. Save the file as BONDS5. Print the worksheet when done. Also, repeat requirement 4 in the space provided below for this bond.

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Chapter 11, Problem 4R

Chapter 11, Problem 6R

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Calculate the inventory days on hand, assuming:

Adam, Azim and Akbar were equal partners in a firm. Each partner contributed capital of RO 15,000, RO 10,000 and RO 5,000 on 1st January 2022. General reserve of the firm was 18,000 and Un-distributed Profits of RO 15,000 on 31st December 2022. The value of goodwill in the balance sheet was RO 25,000. Mr. Adam met an accident and he died on 30th September 2022. The partnership provides that the representative of the deceased partner shall be entitled to balance of the capital account of the deceased partner. Interest on capital @ 5% is allowed as per partnership deed. His share of profits up to date of death on the average of last 3 years’ profit. Profits for the last 3 years was R.O 6000, R.O 2000 and R.O 1,500. Calculate the amount payable to legal representative of Mr. Adam. Also prepare the necessary ledger accounts. All calculations and the ledgers should be handwritten. You should upload the photo of your calculations and ledgers on the e-learning.

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Chapter 11 Solutions

Excel Applications for Accounting Principles

Ch. 11 - The University Club recently issued 1,500,000 of...Ch. 11 - The bond pricing formula utilizes the NPV (Net...Ch. 11 - Prob. 3R Ch. 11 - Prob. 4R Ch. 11 - Use the worksheet to compute the bond issue price...Ch. 11 - Use the worksheet to compute the bond issue price...Ch. 11 - Prob. 7R Ch. 11 - a. Reset the Data Section to its initial values....

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