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Reporting an investment at its fair value means adjusting its carrying amount for changes in fair value after its acquisition (or since the last reporting date if it was held at that time). Such changes are called unrealized holding gains and losses because they haven't yet been realized through the sale of the security. If the security is classified as available-for-sale, how are unrealized holding gains and losses reported if they are not viewed as giving rise to another-than-temporary impairment?
1a motorboat heads upstream on a river that has a current of 3 mph. the trip upstream takes 5 hours while the return
geoff incurred 900000 of mining and exploration expenditures. he elects to deduct the expenditures as quickly as the
a potential control for managing the risk of employee fraud is to send employees on mandatory vacations. explain the
Prepare the journal entries to record the benefit of loss carry back and loss carry forward option.
Although XBRL facilitates the electronic exchange of financial information, some external users do not think it goes far enough. They would like access to the entire general ledger, not just to XBRL-tagged financial reports that summarize general ..
on september 17 2013 ziltech inc. entered into an agreement to sell one of its divisions that qualifies as a component
arris inc. began the accounting period with a 105000 debit balance in its accounts receivable account. during the
sandi scott obtained a patent on a small electronic device and organized scott products inc. to produce and sell the
On February 28, 2009, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31,2009, was $2,100,000. The income tax rate is 40%.
Presidio, Inc. produces one model of mountain bike. Partial information for the company follows: Bikes Cost per Unit: 625 800 1050
You are a consultant for Blue Sky Consulting in the small town of Centervale. After 30 years of saving for retirement you discuss with your boss the possibility of early retirement.
clear company reports the following information for its first year of operationsunits produced this year 100000
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