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Notes: A Stepwise Guidebook on Completing Us Dept Of Justice Financial Statement Of Debtor Form Online

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The Definite Guide to Us Dept Of Justice Financial Statement Of Debtor Form

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Discover How to Fill Out the Us Dept Of Justice Financial Statement Of Debtor Form

and our.lesson for today is financial.liabilities.part one so we are dividing our.discussion of financial liabilities into.several parts probably.into three parts.and our learning outcome for this.session are as follows.we will define liabilities.and we will identify their essential.characteristics.we will describe the nature of financial.liabilities.so the focus of our discussion is still.financial liabilities.then we will cite the initial.recognition criteria for financial.liabilities.and we will apply such recognition.criteria.then we will go to a specific.financial liabilities we will tackle the.simplest.during the session accounts payable and.notes payable.so we will illustrate initial.recognition.measurement and measurement measurement.after initial recognition.and presentation in the financial.statements as well as settlement.of accounts payable and notes.payable okay so as defined in the iasb's.conceptual framework.under the chapter elements of financial.statements.so this is the second element enumerated.liabilities liabilities are.present obligation of an enterprise.to transfer an economic resource.as a result of past.events therefore these are the three.essential characteristics.of liabilities present obligation.transfer of an economic resource and.result of past event.so an obligation as defined.in the liabilities as part of the.definition of liabilities.is a duty of an enterprise.and the enterprise has no practical.ability.to avoid such duty.or such obligation.such obligation must exist.as of the reporting date the reporting.date is the date.of the statement of financial position.that is the end of the reporting period.therefore the obligation must.exist as of the end of the reporting.period.and that the enterprise has no practical.ability.to avoid such obligation.how is the obligation sector settled so.what is that obligation.the obligation is to transfer an.economic resource.that means that we will be giving up.economic benefits therefore.the settlement will involve payment.in cash or cash equivalent.transfer of other assets.provision of services.so we will provide we will render.services in the future.example is an earned income so unearned.income is a liability that is settled.not by payment in cash.not by transfer of other assets but by.rendering our services in the future.or we will replace that obligation with.another obligation.example is an account payable that is.settled by issuing a promissory note so.the account payable is settled.by a note payable or conversion into.equity.this may be in the form of convertible.debt so convertible debt meaning.convertible.liabilities or liabilities may be.settled.by converting our creditors.into shareholders in some exceptional.cases.liabilities are settled by condemnation.meaning that we are being forgiven by.our.creditors but this is exceptional.now the obligation existing as of the.balance sheet date is a result of.past event therefore this past event.arises either from a legal obligation.or constructive obligation therefore.legal obligation and constructive.obligation are what we call.obligating events so a legal obligation.arises from a contract not necessarily.written but.most of the time written so the mere.acceptance of the delivery of goods from.supplier accompanied by delivery is it.is a legal obligation because it arises.from a contract between.the supplier and the customer and we are.there for the customer.your obligation to your employees for.any unpaid salaries is also a legal.obligation.what about constructive obligation so.legal obligation arises from contracts.it arises also from provisions of law.or any other operations of law whereas.constructive obligation.comes from public announcement made by.an.entity or it may arise from.public practices of the entity.such that other enterprises or other.entities.are made to believe that because of.these past practices.the entity will follow such.past practice and builder 4.give up an economic resource in the.future.examples of obligations arising from.constructive obligation.are bonuses that are announced by.entities let us say in a gathering of.shareholders or enterprise employees.therefore if the management of the.entity.announces in an employee's meeting that.it will give.let us say five percent of net income.because of good performance of.the entity but that is not covered by a.cba.then such undistributed bonuses.constitute constructive obligation.so it arises from a public announcement.or it may arise also from past practices.so.if it is a practice of the entity over.several periods of time that it is.giving 14-month.pay in addition to the 13-month pay and.that is not covered by a cba.but rather that is just out of the.generosity continuous generosity of the.management.then the 14-month paid that the snapchat.being distributed at the end of the year.constitutes constructive obligation and.therefore that will be a basis.for preparing an accrual of the unpaid.bonuses.okay again liabilities are present.obligation of the enterprise.by present again they must exist as of.the balance sheet date.and the enterprise has no practical.ability to avoid.such obligation and this obligation.constitutes.transfer of an economic resource which.may be settled by payment in cash.transfer of other assets.provision of services replacement with.another obligation.conversion into equity and that.obligation arises from.pass action of the entity.so your obligating event must be a past.event already it is a consummated.transaction or this one has happened.already this is the reason why.estimated future losses of the entity no.matter how likely are not recorded as.accounting liabilities.because there is no past event yet.we now focus on the topic itself.financial liabilities.so this is still governed by.ifrs9 in fact this is.already the fifth chapter in your volume.one.financial liabilities because volume one.of intermediate accounting process.on ifrs nine and the related standards.so these are all financial instruments.so in receivables and that instruments.we're in we are the holder.they are considered as financial assets.of the holders.so we go now to the other party we go to.the issuer.of the financial instrument hence.we are now recording financial.liabilities.therefore financial liabilities are.contractual.obligations so when we say contractual.obligation it arises from contract.therefore your obligating event is not.one.of a constructive obligation.but one of legal obligation not.necessarily mandated by law.not provided for by law but this.is uh.provided for by a contract therefore it.arises from.a contra not necessarily dead but in.most cases within.okay so this is a contractual obligation.to pay in cash or another financial.asset.to exchange with financial liabilities.so you are converting your financial.liability.meaning you're payable into another.payable.and that exchange will be potentially.unfavorable to the entity.or you are settling your financial.liability in your own equity instruments.and the issuance of the equity.instruments will be potentially.unfavorable.to the entity.however rights options and warrants.issued by an entity on a pro-rata basis.to existing.shareholders to issue own shares of.capital.are not financial liabilities so rights.these are your pre-emptive rights.so warrants that are.issued as evidence of preemptive rights.of the shareholders are not potentially.unfavorable to the entity because.exercise of the rights will mean uh.obtaining additional resources from our.potential shareholders.and the equity of the potential.shareholders will not be diluted.hence not unfavorable to the entity.same is true with options options are.given to executives.or key officers of the entity to become.shareholders of the entity.and granting of the options would be.not potentially unfavorable to the.entity same is true with warrants so if.warrants are issued.to make some other financial instruments.attractive.then this is not potentially unfavorable.to the entity.hence rights options and warrants.although they are financial instruments.they do not constitute financial.liabilities.because soon the exercise of rights.options and warrants.will increase our capital stock.enhanced rights options and warrants are.considered as.part of shareholders equity.so we go to the initial.recognition so the initial recognition.principle for financial liabilities is.the same.initial recognition principle for.financial assets.that is financial instruments whether.assets or liabilities.are recognized when and only when.the entity becomes a party to the.contractual provisions.of the instrument therefore if we.are the holder of the financial.instrument that means we have.a financial asset however the other.party which is the issuer.has a financial liability.hence a financial liability will only be.recognized.when become when the entity becomes.a party to the contractual provisions of.the instrument.meaning we are.the issuer in general terms.of the financial instrument.or we are a party product.financial instrument that.being a party we will be obliged we are.obliged.to transfer an economic resource at a.future date.so at what amount do we recognize.financial liability.so financial liability is initially.recognized.at fair value which.is the transaction price.for financial liabilities that are.subsequently measured at.amortized cost meaning there is either a.stated rate or an imputed rate.such that there is an effective rate of.interest and we consider.that effective interest in the.computation of the amortized cost of the.instrument.then transaction cost is considered.in initial measurement therefore only.those.financial liabilities measured at fair.value will be recognized.at transaction price.for financial liabilities that will be.subsequently measured.at amortized costs your initial.measurement.will be the transaction price minus.the cost incurred.receive whatever is considered.as a result of incurring the liability.for example.if we incur a liability because of.borrowings.so the initial proceed is the borrowing.proceed.but out of the borrowing proceed we pay.for some transaction.costs therefore your financial liability.will be.initially measured of the initial.proceeds.minus the borrowing transaction.cost that is incurred by the entity.hence.at the net proceeds.we now go to specific financial.liabilities we go to the.most basic and the most basic of course.is accounts payable accounts payable.are trade liabilities meaning this arise.from purchase of goods or services.that are consumed or to be sold by the.entity.in the normal conduct of business.so assuming that there is no transaction.cost.the accounts payable must be initially.measured.at the transaction price.there are two methods of accounting for.accounts payable the more popular.is the gross method and this is the one.that was discussed.with you extensively in your senior high.school.or in your far.financial accounting and reporting your.first.accounting course in your accounting.program.under the gross method accounts payable.is recorded without deducting the cash.discount.offered so although it is initially.recorded.at the gross amount that gross amount be.later.be adjusted before we reach the.balance sheet day.the cash discount so cash discount.when this is related to purchases is.otherwise known as purchase discount so.the purchase discount is recorded.as a deduction from cost or expense and.your cost or expense.is the purchases account therefore the.purchase discount as a deduction from.purchases.is recorded when discount is taken.meaning when we avail of the discount.and we pay within the discount period.so do we have here an adjustment yes we.have here an adjustment is made for.accounts.sampled in the subsequent period within.the discount period so before we discuss.the net let us have some illustrative.exercise for the gross method.so on december 10 we purchase goods from.x 100 to over 10 and over 30.therefore our entry is to debit.purchases 100 and credit accounts.payable.100 so we do not deduct.yep the two percent discount available.two percent is to pesos in this case.on december 14 we purchase goods from y.100 to over 10 and over 30 hence.the same journal entry we debit.purchases 100 and credit accounts.payable.your subsidiary ledger is y one hundred.assume that on december 24 we paid.y in full so instead of paying.x first because we have only available.cash balance.we opted therefore to pay y because.paying y.would mean that we will still avail of.the two percent discount.whereas if we pay x.on december 24.the amount that will be paid will be 100.therefore we will be able to save two so.we are paying.y and this is the last day to avail of.the discount with their bidder for a.house payable.100 credit purchase discount.2 and credit cash 98.therefore we record the cash discount.when the cash discount is availed.off by us so when we pay within the.discount period that is the time that we.record.the purchase discount and the purchase.discount.is considered as deduction from.purchases.therefore if there are no more.intervening transactions and these are.the only transactions.relating to purchases we have total.purchases.of 200 minus per.purchase count of two therefore we have.a total.of 198 in our.cost of goods sold.so the amount of x is left unpaid by.year in.so what would be the amortized cost.of our account payable with x.because the last day to avail of the.discount with x.is december 20 and still as of december.31.it remains unpaid then our liability.to x is still 100 it's not.98 but it is 100 and therefore.no adjustment is necessary at december.31. so when we pay during the subsequent.period.what will be our entry with a bit.accounts payable 100 and credit cash.100 and therefore the discount that is.lost is actually embedded in the account.purchases.your purchases here should have been 98.only.the 2 pesos discount that was lost was.embedded in the account.purchases and therefore the gross method.failed to allocate that to.us finance costs actually that is a.finance cost.meaning an expenditure that was incurred.by the company because it.failed to pay within the discount period.but that finance cost is not separately.presented.okay let us change some more information.but it's still on the gross method again.there is no adjustment here because at.year.end the discount period has already.expired and therefore your accounts.payable remains a gross amount.in this case that is 100..okay let us have second case again on.december 14 we purchase.goods from y 100 to over 10 and.over 30 hence our entry debit purchases.100 credit accounts payable.y 100 so we do not deduct.on december 24 we paid by in full with.ebitda for accounts payable by 100.credit purchase discount 2 and credit.cash.98 because we are still entitled.please come.on december 26 we purchased goods from x.100 2 over 10 and over 30..the debit there for purchases 100 and.credit accounts payable.100 so assuming that there are no.intervening transactions.and that the account of x remains unpaid.at year end.how much really is your liability at.december 31 meaning if at december 31.we decided to pay x how much is our.payable to x.our payable is actually 98.because from december 26 to december 31.is just.five days and five days is still within.the first 10 days from the date of.purchase.and therefore we are still entitled to.this account.if assuming that we paid the account.with x on january 5 then our entry would.be to debit accounts payable 100 and.credit purchase discount 2.credit cash 98 we are paying 98 because.we are entitled.still to that discount because january 5.is exactly the 10th day from the date of.the invoice.and therefore please take note that the.purchases had been recorded.in this reporting period assuming this.is 2020.then the purchases had been recorded in.2020.but the related purchase discount which.is a deduction from the purchases.is recorded in 2021.hence there is no proper matching.the cost was recorded in 2020.but the deduction from the related.course is recorded.in 2021 matching therefore is violated.other than that if no adjusting entry is.made.your accounts payable at december 31 is.measured at 100.but if we are to pay on december 31.your liability to x is not actually 100.but.only 98 which is the amount that was.actually paid.subsequently hence an adjusting.entry has to be made at your end.to record such purchase.discount potentially to be availed off.in the subsequent period your entry.is to debit allowance for purchase.discount which is.a real account this one is real account.synonym.reporting period.credit purchase discount this is a.nominal account meaning its balance will.be closed.at the end of the year.and therefore through this entry we.recorded.a deduction from accounts payable allow.us for purchase discount is a deduction.from purchase.from from a house payable to arrive at.the amortized cost.of the accounts payable hence your.accounts payable by year.and is 100 this one.minus the debit because this is a.liability.allow us for purchase discount of two.therefore your amortized.cost is 98 which is your real liability.x your purchase discount is recorded.also.during the same year that we recorded.purchases.now this entry is subject to reversal at.january 1 of the succeeding year.so for law of space i did not prepare.any more the reversing.entry but the reversing entry here.is to debit the exact reversal debit.purchase discount to.credit allowance for purchase discount.two.by reversing their four your allowance.for purchase.discount which has a previous balance.debit of two is now brought to zero.at january one after the reversing.entry your purchase discount is a.nominal account therefore at the end.of previous year it has brought to zero.therefore when you reverse on january 1.and you debited purchase discount it.results.in an abnormal debit balance.of 2 but that is just temporary.so after reversing your purchase.discount as a normal.balance of debit abnormal balance of.debit.2. however on january 5.when we paid x in full our entry is to.debit accounts payable.100 because that is the amount that was.originally recorded.we prepare the useful entry to record.payment within the discount period.credit purchase discount 2 and credit.cash.98 therefore after preparing this.entry sabinatin kanina your purchase.discount after reversing.a certain abnormal debit balance of 2.but because of the subsequent credit.that abnormal balance has been brought.to zero hence there is no purchase.discount in effect that was recorded.in january why not purchase discount.because that purchase discount is.related.to a purchase that was made last year.and therefore the accompanying purchase.discount must.likewise be recorded last year.we now go to the net method.we go back to the previous slide.under the net method accounts payable is.recorded net of cash discount.meaning.we deduct immediately any.cash discount that is offered by the.supplier.the cash discount is recorded when when.it is not taken.and the cash discount is recorded as a.finance cost.a year-end adjustment is made for a.council's discount period.already lapsed okay and therefore.we proceed again to the illustrative.cases under the net.so under the net again on december 10 we.purchased goods from x 100 2 over 10 and.over.30 and therefore because we are using.the net we deduct immediately the two.percent.we debit purchases 98 credit accounts.payable 98.so theoretically this is superior than.the.cross method because this records the.accounts payable.at the fair value and the fair value is.98.the fair value is the transaction price.if we are paying.in cash for the goods that are purchased.on this date we are paying.only 98..on december 14 we purchased goods from y.100 to over 10 and over 30.hence we debit purchases 98 credit.accounts payable.98.on december 24 we paid y in full.and therefore this is the 10th day from.the date we.purchase from y and therefore we are.entitled to this count.hence the amount that will be paid to y.will still be 98..hence our entry debit accounts payable y.98 credit cash 98..so assuming that there are no.intervening transactions that means that.by december 31.the account with x is still outstanding.we recorded the accounts payable to.x at 98. the last day to avail of the.discount is december 20.of december 31 it remains unpaid.therefore your liability.x is now increased to 100..sabinatin kanina under the net method.prepare year and adjustment.if by year end the account.has already lost its opportunity to.avail.of the discount and therefore we are.preparing.this adjusting m3 from 98 to 100 the.accounts payable.must be increased by two hence the.credit accounts payable too.and we are recording a finance cost that.finance cost.is discounts loss we debit discounts.lost to.credit accounts payable two and.therefore.under the net method our total purchases.amounted to 196.000 that is the total net purchases.from x and y 196. we present a separate.expense account.under finance cost of two that.finance cost actually represents.faithfully.the situation of the entity that is it.incurs additional expense of two because.it fails to avail of the discount.offered.by the supplier therefore it is a credit.related.expenditure as far as accounts payable.your amortized.cost that will be presented in the.statement of financial position will be.100 that is the amount originally.recorded which is.98 plus the.discount that was lost in effect that is.interest of 2.so the total is 100..therefore when we pay in the subsequent.period because the account with.x has been increased already to 100 your.entry is to debit.accounts payable 100 and credit.cash for 100..okay let us change some information.again on december 14 is still on the net.method on december 14.we purchase goods from y 100 to 10 and.30..hence our entry debit purchases.198 credit accounts payable.98. on december 24 we paid y.in full therefore the amount to be paid.is net of the discount debit accounts.payable 98 credit cash 98.on december 26 we purchase goods from.x 100 debit purchases.credit accounts payable 98 assuming that.this remains unpaid at here.and how much is your liability to x.our liability stays at 98 because from.december 26 to december 31.is only five days and therefore your.liability will be settled.assuming it will be settled by december.31.with cash payment of 98.hence because our account accounts.payable is valued at 98..no adjusting entry is necessary at your.end.under the net method you record an.adjustment only.when the discount period has lapse we.will be recording additional.finance costs and therefore.by january 5 we paid x in poll.we debited the house payable 98 credit.cash.98 your possible question here is.if in january we paid beyond the.discount period.what will be our entry your entry will.be to debit.accounts payable 98. there will be.discounts loss 2.and credit cash 100. the discounts.loss will be recorded in january because.that is a credit related expenditure.which is synonymous to interest expense.and interest expense accrues with the.passage of time and therefore this.proper that we record it also.in january provided that by december 31.the discount period.has not yet maps.we now proceed to notes payable.so generally it is a written promise.to pay some of money to another entity.at a determinable future.date it may also be.an order addressed to another person.to pay another entity so three party.three party no therefore it's a draft.an order by one entity.address to another to pay a third party.okay so notes payable.may be written in a form.that may be interest-bearing or.non-interest daily.so for interest bearing no.it is written in a form wherein the face.value is the.present value of the date of the issue.the interest rate therefore is stated.on the face of the node.such interest may be a fixed amount or.it may be.expressed in terms of.rate whereas a non-interest bearing note.is one wherein the face value.is already the maturity value.the maturity value therefore already.includes.the imputed interest.therefore if it is interest varying.the amount that is presented on the face.of the note.as the face value is the value of the.note.upon issue once whereas if it is.non-interest bearing.the face value stated.on the note will be.the amount of the note at the date of.maturity.and of course the amount of the note.that the date of maturity.is actually higher than the amount of.the note at the date of its issue once.because of the imputed.interest therefore for non-interest.bearing note.the present value is the maturity value.minus the imputed interest.so do they differ in form yes they d for.infor.do they differ in substance we will see.a little later.okay so let us take this as an example.on october 1 2020.a machine with a cash price of 100 000.was acquired.by issuing a one year so for simplicity.we will limit the term of the note one.year.with effective rate of six percent and.therefore if the cash prices.of the machine is one hundred thousand.and the imputed interest.and the effective interest is six.percent that means after one year.the maturity value of the note will be.106 thousand adding 6 000.to the present value therefore.what is the note scaling value of.december 31 2020 assuming the note.issued.is letter a interest bearing and letter.b.non-interest vary we will provide.entries including.adjustments and therefore for interest.bearing this will be our entries.on october 1 2020 we will be recognizing.the equipment.and the equipment will be recognized at.its equivalent cash price.which is 100 000. the note is.written wherein the face value is its.present value.which is the equipment's equivalent cash.price.hence the credit notes payable for 100.000 however assuming that the end of the.reporting period is december 31.interest accrues with the passage of.time so from october 1 to december.31 we will compute interest the interest.for one year.is 6 000 so six thousand times.number of months the clubs from october.one to december 31 that's three.over twelve that means therefore it is.one thousand.five hundred so we debit interest.expense one.five credit interest payable for one.thousand.five hundred therefore what is the.amortized cost.of the node the carrying value of the.number 31 of the note.is the ledger balance which is notes.payable of 100.000 plus the interest payable of 1 5.total amount that will be presented on.the statement of financial position.relating to the note.is 101 500 so if we are to prepare.a properly classified statement of.financial position.your current liabilities will include.notes payable.inclusive of accrued interest amounting.to 101.500. therefore.at maturity date of the note how much.will we pay we are paying a total of 106.000 and therefore our the recognition.entry.is to cancel the ledger balance of the.notes payable.one hundred thousand cancel the.previously recorded interest payable.at december 315 and take up.the additional interest expense for the.period january 1 to september 30.2021 therefore that is 6 000.times the remaining nine months over.12 months therefore four five therefore.your interest expense of six thousand.is actually incurred partly in 2020.1500 and partly in 2021.4 500..now if the note is non-interest varying.what will be our entries and what will.be the face value of the note.sabinate the face value of the note is.its maturity value.and therefore if the equivalent cash.price of the equipment is 100 000.and there is an effective interest of 6.000.that is 6 percent times 100 the maturity.value of the note will be.106. hence.its face value will be 106 000 but its.actual value.come its date of issue once it's only.100.and therefore the equipment will still.be recorded at the equivalent.cash price of 100 000..to bring therefore that recorded notes.payable to its present value we will be.creating.a contra liability account which is.discount.or notes payable hence the record.discount on notes payable.6000. the discount on notes payable is a.contra liability account on october 1.2020.ledger balance of notes payable is 1.06.reduced by the discount on notes payable.of 6000.hence its amortized cost of the date.of initial recognition is its fair value.of 100 000 so on december.31 we will amortize the discount this.discount is.for one year actually this is the.interest for one year.so six thousand times number of months.from october one to december 31.3 over 12 dot es1.5 so we record the same interest expense.that we previously recorded when the.note was interest bearing.1500 and we are reducing the balance of.the discount the notes payable.1500 and therefore.what is the carrying value of the notes.december 31 if we.are to use our ledger balances we have.notes payable of 106 000.minus the remaining an amortized.discount on notes payable we started.six thousand reduced by one five so the.remaining balance of this count is four.thousand.five hundred hence the amortized cost is.also.101 500 please take note that the.amortized cost of the interest bearing.note is also.101 500 hence.in the statement of financial position.the non-interest bearing note will.still be presented as part of current.liabilities so this.is notes payable net of discount which.will be presented at 101.500 so basically it's the same.so come september 30 therefore on.maturity date of the note we will be.paying now a total.of 106 thousand which is the maturity.value of the note.so your entry will be to debit.notes payable 106 thousand we now.record the additional interest expense.that runs from january 1 to september 30.2021 that's the remaining 9 over 12 of 6.thousand so that is 4.five we'd recognize the discount because.we are the recognizing also the notes.payable.and therefore the remaining accessories.will have to be brought to zero also.four thousand five hundred and credit.cash.for 106 000.therefore after september 30 your notes.payable has a zero balance.already and therefore if we are to.analyze.what's the difference between interest.bearing and non-interest bearing they.differ in form only.but they are the same in substance if it.is interest bearing we start with.the face value equal to the present.value and therefore that's 100.000 however this is our balance sheet.date this is our.reporting date december 31 2020.hence from october 1 2020 to december 31.2020 we will be increasing.our amortized cost by 1500.hence we have a total of 101.500 as its amortized cost.whereas if it is non-interest bearing.node our ledger balance is started with.nodes payable.equal to maturity value of 1.06 however.initially we set up a discount.equivalent.to 000 as of october 1 but this 6 000.will have to be apportioned.as the months pass.by and therefore as of.december 31 2020 part of the discount is.amortized so.6 000 minus the amortized discount.corresponding to this period which is.1500.hence the remaining balance of the.discount from december.31 2020 to september 30 2021.is four five and this four five will be.deducted from the ledger balance of 106.000 to arrive at the carrying value of.the node.and therefore on december 31 2020.your carrying value is 106.minus this remaining amount of 4500.and therefore that is still 101.500 hence the value of the note as of.december 31.2020 in our example is 101.500 regardless of whether.the note that was issued is.interest-bearing.or non-interest-bearing in conclusion.therefore.interest billing and non-interest value.only differ in form.however when you are to account for them.following faithful representation at.balance sheet date you have to arrive at.the same.carrying amount which is the amortized.cost and therefore in the financial.statements of december 31 again.for interest bearing you have notes.payable of one hundred thousand.plus interest payable of one five so.carrying value is 101 500..however for non-interest bearing.although your notes payable.is initially set up at 1.06 the discount.on notes payable will have to be.deducted.hence the carrying amount which is the.amortized cost.is also 101 500 so whether.it's interest bearing.or non-interest bearing the amount that.will pres.be presented in the statement of.financial position will.still be the same amortized cost of 101.500 in our example.and therefore what principle is applied.we apply the fundamental qualitative.characteristic of accounting information.and.that one is representational.faithfulness meaning what.is the actual intention of the party is.actually.communicated in our ledger balances.in our financial statements and we.emphasize.substance over form although interest.building and non-interest bearing.differ in form actually they are one in.substance.hence we present the same amount of.amortized costs and therefore your.assignment.actually that's for tomorrow for next.meeting.again based on your textbook.international.accounting volume one whether you are.using 2019 edition.or 2020 edition you are to answer.5-1 to 5-5.there is no need for you to submit that.to me.you have to be ready for our discussion.again as a summary of learning outcomes.we have defined liabilities based on the.definition of the concept.in the conceptual framework we describe.the essential characteristics of the.liabilities.we focus on the nature of the financial.liabilities.recited the initial recognition criteria.for financial liabilities.and we have accounted for accounts.payable and notes.payable we completed.a cycle initial recognition and.measurement.after initial recognition presentation.in the financial statements.as well as the recognition and therefore.that's all for this session again this.is mom pot saying i'll see you.during our synchronous.presentation thank you.

How to generate an electronic signature for the Us Dept Of Justice Financial Statement Of Debtor Form online

An all comprising solution for signing Us Dept Of Justice Financial Statement Of Debtor Form is something any business can benefit from. CocoSign has found a way to develop a convenient, economical, and low-risk online app that you can use.

As long as you have your device and an efficient internet connection, you will have no problem include. These are the simple key elements you need to follow to sign the Us Dept Of Justice Financial Statement Of Debtor Form :

  1. Note the document you need to sign on your device and click 'Upload'.
  2. Choose 'My signature'.
  3. There are three ways to write your signature: you can draw it, type it, or upload it. Select the one that you find most satisfactory.
  4. Once you have writed the signature, click 'Ok'.
  5. Finish by choosing 'Done'.

Then you just need to sign PDF and have it ready to be sent. The next step is up to you. You can fax the form.CocoSign makes all the aspects of signing an electronic document easy and advantageous.

You get other features like 'Add fields,' 'Merge documents,' 'Invite to sign,' and a few others, all meant to make it user-friendly and comprehensive.

The best thing about CocoSign is that it functions on all the operating systems you work with, so you can count on it and can sign electronic documents disresgarding the device you are working with.

How to create an electronic signature for the Us Dept Of Justice Financial Statement Of Debtor Form in Chrome

Chrome is probably the most accepted browser nowadays, and it's no wonder. It has all the features, integrations and extensions you can request. It's extremely useful to have all the tools you use available, due to the browser extensions.

Therefore, CocoSign has work with Chrome, so you can just go to the Web Store to get the extension. Then, you can sign your form directly in the browser. These are a few simple key elements to lead you through the signing process:

  1. Note the link to the document that needs to be signed, and choose 'Open in CocoSign'.
  2. Use your registered account to log in.
  3. Note the link to the document that needs to be signed, and choose 'Open in CocoSign'.
  4. Click 'My signature' and write your own signature.
  5. Find the right position on the page, place the signature, and choose 'Done'.

After finishing all the steps, you can either send the document or share it to as many recipients as you need.

You will note that CocoSign has made efforts to make your Chrome signing experience as enjoyable and untroubled as possible, by adding a wide range of handy features, like merging PDF files, adding multiple signers, and so on.

How to create an electronic signature for the Us Dept Of Justice Financial Statement Of Debtor Form in Gmail?

Email is the main method to share documents nowadays, and going paperless has a lot of profits, speed being the main one. You can sign a document and have your partner receive it in one minute.

Your email recipient is one click away. This simple process can be applied to any forms that needs a signature: contracts, tax forms, and all kinds of agreements or declarations.

The great thing about CocoSign is that it helps you esign the Us Dept Of Justice Financial Statement Of Debtor Form in your Gmail, without having any other operating systems involved. You can do that using the CocoSign Chrome extension. There are only five simple key elements you need to follow to sign your form right in your Gmail account:

  1. Find the CocoSign extension in the Chrome Web Store, and insert it to your browser.
  2. Log into your Gmail account.
  3. Click the Inbox and find the email containing the file you need to sign.
  4. On the sidebar, you will find the button 'Sign'; click it and write your customized e-signature.
  5. Once you choose 'Done,' the signature will be completed, and the signed document will be automatically saved in a draft email generated by the CocoSign app.

Convenience was the primary concern behind the efforts made by CocoSign to develop a efficient and flexible app that can allow you to abandon signing document face-to-face.

Once you try the app, you will in one minute become one of the countless satisfied clients who are enjoying the profits of e-signing their documents right from their Gmail account.

How to create an e-signature for the Us Dept Of Justice Financial Statement Of Debtor Form straight from your smartphone?

Smartphones and tablets are so evolved nowadays, that you can work with them for anything what you can do on your laptop and PC. That's why more and more people are performing work from these mobile devices, saving even more time.

It's also a huge benefit work remotely. As long as your internet connection is stable, you can conduct your business at anywhere.

When you need to sign a Us Dept Of Justice Financial Statement Of Debtor Form , and you're at home, the CocoSign web application is the answer. Signing and sending a legally binding document will take seconds. Here is what you need to do to sign a document on your cellphone on the internet:

  1. Use your browser to go to CocoSign and log in. If you don't already have an account, you need to register.
  2. Note the document that needs to be signed on the device and click it.
  3. Open the document and go to the page to write your name.
  4. Choose on 'My Signature'.
  5. Generate your own signature, then insert it on the page.
  6. Once you have done, review the document, choose 'Done'.

All these key elements won't take much time, and once the document is signed, you decide the next step. You can either download it to the device or share it in an email or using a link.

A significant profit of CocoSign is that it's suitable with any mobile device, regardless of the operating system. It's the ideal way, and it saves cost, it's easy.

How to create an e-signature for the Us Dept Of Justice Financial Statement Of Debtor Form on iOS?

Creating an electronic signature on a iPad is not at all difficult. You can sign the Us Dept Of Justice Financial Statement Of Debtor Form on your iPhone or iPad, using a PDF file. You will note the application CocoSign has created especially for iOS users. Just go to visit CocoSign.

These are the steps you need to sign the form right from your iPhone or iPad:

  1. Add the CocoSign app on your iOS device.
  2. By your email to write an account, or sign in with Google or Facebook.
  3. Note the PDF that needs to be signed on the iPad or pull it from the cloud.
  4. Note the space where you want to place the signature; choose 'Insert initials' and 'Insert signature'.
  5. Write down your initials or signature, place them correctly, and save changes to the document.

Once complete, the document is ready for the next step. You can download it to your iPhone and email it. As long as you have a high quality internet connection, you can sign and send documents right away.

How to create an electronic signature for the Us Dept Of Justice Financial Statement Of Debtor Form on Android?

iOS has millions of of users, there's no doubt of that, but most cell phone users have an Android operating system. To meet the requirements, CocoSign has developed the app, especially for Android users.

You can recieve the app on Play Market, install it, and you are able to start signing documents. These are the key elements to sign a form on your Android device:

  1. If you already have a CocoSign account, sign in. If you don't have one yet, you can sign in using Google or Facebook.
  2. Choose on '+' to click the document you want to sign, from cloud storage or using your camera.
  3. Note the space where the signature must be placed and then use the popup window to put down your signature.
  4. Place it on the page, confirm, and save the changes.
  5. The final step is to send the signed document.

To send the signed form, just attach it to an email, and it will reach your colleagues right away. CocoSign is the best way to sign various documents every day, all at a comparatively low price. It's time to forget all about distinct mark on hard copy of doc and keep it all electronic.

Us Dept Of Justice Financial Statement Of Debtor Form FAQs

Read the below common inquries about Us Dept Of Justice Financial Statement Of Debtor Form . Speak to directly if you still have other queries.

Need help? Contact support

Can I use broker statements to fill out form 8949 instead of a 1099-B?

You can but it would be wise to wait. Your broker will be sending a copy of the 1099-B that they send to you to the IRS also. The IRS will be checking to make sure your reported numbers match up with your brokers. If you make a mistake and have to file an amended return this could end up costing you additional filing fees depending on how you are having your return prepared. We typically advise clients to wait. We’ll use broker statements if there is a legitimate issue getting the broker to send the 1099-B.

How can I fill out Google's intern host matching form to optimize my chances of receiving a match?

I was selected for a summer internship 2016. I tried to be very open while filling the preference form: I choose many products as my favorite products and I said I'm open about the team I want to join. I even was very open in the location and start date to get host matching interviews (I negotiated the start date in the interview until both me and my host were happy.) You could ask your recruiter to review your form (there are very cool and could help you a lot since they have a bigger experience). Do a search on the potential team. Before the interviews, try to find smart question that you are Continue Reading

How do I fill out the form of DU CIC? I couldn't find the link to fill out the form.

Just register on the admission portal and during registration you will get an option for the entrance based course. Just register there. There is no separate form for DU CIC.

How do I schedule a US visa interview of two people together after filling out a DS160 form?

Here is a link that might help answer your question >> DS-160: Frequently Asked Questions For more information on this and similar matters, please call me direct: 650.424.1902 Email: heller@hellerimmigration.com Heller Immigration Law Group | Silicon Valley Immigration Attorneys

How do you dispute a validity of debt?

Debt collectors are not required to respond to disputes received after the 30 day period. The CFPB provides response letters here (What should I do when a debt collector contacts me?)

What is a debt validation letter?

A debt Validation Letter is example what the name implies. Typically, when someone has been sent to collections, generally as a way for them to waste time, will ask for proof of the debt. Frankly, in 15 years collecting debt, I have yet to talk to anyone that honestly did not know who, how much and for what they owed! Nonetheless, if you have been sent to collections, you have the right by law to request validation of the debt within the first 30 days of receiving the notice from collections. Once you have requested proof of the debt, the agency then has 30 days to provide you with: a copy of the original invoice, contract, receipt, agreement, etc… Whether a signature is included is not a necessity unless it WAS signed at one time. Then, once you have received proof, you must either pay the balance due in full, call the agency to make arrangements or to pay the account in full. If the account has any balance on it after 30 days, IT WILL BE REPORTED TO YOUR CREDIT… Even if you are making acceptable payments. If you fail to make arrangements and honor them, the agency then has the right to have their attorneys litigate the account. That, you do not want!

How do I dispute a collection agency debt?

You inform that the debt is in dispute. Once the debt is resolved you will settle. Note that these papers will be sold to another collection agency and so on it will take about 7 years until you stop hearing from them So you need to repeat your story every time they call.

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