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Nichols Corporation purchased $130,000 of Holly Inc. 7% bonds at par with the intent and ability to hold the bonds until they matured in 2020, so Nichols classifies its investment as held to maturity. Unfortunately, a combination of problems at Holly and in the debt market caused the fair value of the Holly investment to decline to $99,000 during 2016. Nichols calculates that, of the $31,000 decrease in fair value, $14,000 of it relates to credit losses and $17,000 relates to noncredit losses.
Assume that Nichols concludes that the Holly bonds are other-than-temporarily impaired because Nichols believes it is more likely than not that it will have to sell the Holly bonds before the bonds have a chance to recover their fair value. Before-tax net income for 2016 will be reduced by
The common stock of the company is selling in the stock exchange at $10 each. If Wonderful has 29,000 shares of common stock outstanding throughout the year and its Net Income is $12,000 after paying the preferred dividends, what will be the dilut..
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In 2016, Bridgeport Enterprises issued, at par, 60 $1,000, 8% bonds, Compute diluted earnings per share for 2017
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present and future value tables of 1 at 3 are presented belownfv 1pv 1fva 1pva 1fvad 1pvad 111.030000.970871.0000
at january 1 2011 brainard industries inc. owed second banccorp 12 million under a 10 note due december 31 2013.
Each of which entitled the bondholder to purchase, for $60, one share of Limbaugh Communications' no par common stock.
the account balances appearing on the trial balance were taken from the general ledger of flips copy shop at june 30
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