Business, 18.02.2020 01:07, laylay120

1. A company holds an investment in corporate bonds classified as AFS. At the beginning of 2020, this investment is reported at a value of $4,000,000. Gains of $500,000 have been previously reported, and no impairment losses have been reported. At the end of 2020, the market value of the investment is $2,000,000, and it is determined that the decline in value is due to credit losses. How is this information reported in the company's 2020 financial statements? A. $500,000 other comprehensive loss; $1,500,000 loss in income B. $2,000,000 other comprehensive loss; not reported in income C. $1,500,000 other comprehensive loss; not reported in income D. $2,000,000 loss in income; no change in other comprehensive income

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 16:50, bandzlvr

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?

Answers: 2

continue

Business, 22.06.2019 17:50, nayelieangueira

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

Answers: 3

continue

Business, 22.06.2019 23:30, Wolfgirl2032

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:

Answers: 3

continue

Business, 23.06.2019 00:00, AaronMicrosoft15

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?

Answers: 3

continue

Do you know the correct answer?

1. A company holds an investment in corporate bonds classified as AFS. At the beginning of 2020, thi...