Whispering Corporation has municipal bonds classified as a held-to-maturity at December 31, 2020. These bonds have a par value of $792,000, an amortized cost of $792,000, and a fair value of $710,000. The company believes that impairment accounting is now appropriate for these bonds.
Prepare the journal entry to recognize the impairment.

Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery. can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.