PARTA Sam's Small Spaces manufactures and sells prefabricated tiny homes On January 1 2072. Sam's...
80.2K
Verified Solution
Question
Accounting
PARTA Sam's Small Spaces manufactures and sells prefabricated tiny homes On January 1 2072. Sam's sold & delivered tiny homes to the Catskill Mountains Resort in exchange for a 4%.4-year $650.000 note. Interest is due annually on December 31. Sam's Small Spaces has a 6% rate of borrowing. Catskill Mountain Resort has a 5% rate of borrowing 1) How mtich revenue will Sam's Small Spaces recognize for the sale of the tiny homes on 1/1/2? 555620 PARTB On January 1, 20Y8. Sam's Small Spaces sold a tiny home upgrade kit to Catskill Mountains Resort in exchange for a 4%, 4-year $75.000 note Interest is due annually on December 31 and the carrying value of the note on the date of issuance was $72 340. Sam's Small Spaces has a 6% rate of borrowing Catskill Mountain Resort has a 5% rate of borrowing 1) How much cash interest did Sam's Small Spaces receive in 20Y8? 4340 2) How much interest will Sam's recognize on the 2048 income statement? 3617 3) What is the carrying value of the note at the end of 2018? 21987 4) How much interest will Sam's recognize on the 2049 income statement? [None Given]

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.