wweghorst7146 wweghorst7146

07-10-2019
Business

contestada

At the beginning of Year 2, a company invested $40,000 in a debt security. At that time the security was appropriately classified as an available-for-sale security. At the end of Year 2, the security had a fair value of $28,500. The change in fair value is deemed temporary. How should this change in fair value be reported in the financial statements?

Respuesta :

ujgerman ujgerman

11-10-2019

Answer:

As an unrealized loss of $11,500 as part of other comprehensive income.

Explanation:

Accounting rules require that the investment “be written down” to current value, with a corresponding charge against OCI.

Answer Link

Otras preguntas

which term refers to sensory receptors accompanied by accessory tissues that facilitate transduction of a stimulus?

how did the practice of simony affect the church? group of answer choices it permitted the church to raise large sums of money on church lands without having to

what would the correct number line be for this compound inequality? 3x - 5 > or -2x _< -10

In an experiment, you test whether the number of times you rub a cloth against a balloon changes how long it will stick against the wall. You start by rubbing t

The presence of many bystanders at the scene of an emergency increases the likelihood that any individual bystander will?

Select the correct answer. Which graph shows a function and its inverse? O A. O B. k y

Prove by mathematical induction that the inequality [tex]n^{2} -5n+3\ \textgreater \ 0[/tex] is true whenever n is an integer greater than 4.

Sylvia has 9 nickles. She wants to split the money equally between herself and two friends. How much will each person receive?

Match the definition to the term. 1. in lexicography, the use of literary examples from the works of influential writers to establish context for definition and

What is the effect of the use of anaphora in the Declaration of Independence, particularly in the list of grievances? A. The use of anaphora reflects the accumu