If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.
Post a reply to the thread: Financial Reporting Analysis- Disclosures?
Click here to log in
How many letters in the word Rabroad
You may choose an icon for your message from this list
Will turn www.example.com into [URL]http://www.example.com[/URL].
You may rate this thread from 1-star (Terrible) to 5-stars (Excellent) if you wish to do so.
Financial Reporting Analysis- Disclosures? On July 1, 2005, Brown Sugar Outfitters Inc. borrowed $225,000 as a long term loan. The terms of the loan require that Brown Sugar pay interest and $75,000 of the principal on July 1, 2006, 2007 and 2008. The unpaid balance of the loan accrues interest at the rate of 10% per year. Brown Sugar Outfitters Inc. has a December 31 year-end. e.Prepare the balance sheet extract to show the appropriate disclosures for the accrued interest and the current and long-term portions of the outstanding debt as of December 31, 2005.
Financial Reporting Analysis- Disclosures?
Forum Rules