User Account

All Pages

What cumulative amount of unrealized loss should be reported

Assignment Help Accounting Basics
Reference no: EM132826647

Question - Iceland Company acquired an equity investment a number of years ago for P3,000,000 and classified it as at fair value through other comprehensive income. On December 31, 2020, the cumulative loss recognized in other comprehensive income was P400,000 and the carrying amount of the investment was P2,600,000.On December 31, 2021, the issuer of the equity instrument was in severe financial difficulty and the fair value of the equity investment had fallen to P1,200,000.

Required - What cumulative amount of unrealized loss should be reported as component of other comprehensive income in the statement of changes inequity for the year ended December 31, 2021?

Reference no: EM132826647

Questions Cloud

Calculate the employee net pay : Employment Insurance or Québec Parental Insurance Plan annual maximums this pay period. Calculate the employee's net pay
How provide consolidation adjustment entry for inter-entity : How provide consolidation adjustment entries for inter-entity transactions to enable the preparation of the consolidated report for the year ending 31 January
How could you evaluate your own leadership style : 1. Describe a specific situation in which you worked with a diverse group of people over a period. Tell us how did you demonstrate your leadership in that envir
Which drug has shown to decrease mortality : Which drug, in animal studies, has shown to extend lifespan in a dose-dependent fashion? Which drug has shown to decrease mortality in T2DM and in non-diabetic.
What cumulative amount of unrealized loss should be reported : What cumulative amount of unrealized loss should be reported as component of other comprehensive income in the statement of changes inequity for the year
Explain maslow hierarchy of needs theory : Using relevant examples to illustrate/support, explain Maslow's Hierarchy of Needs theory in detail to your good friend.
Explain briefly the coupon interest rate bond terminology : Explain briefly the Coupon interest rate bond's terminology. Interpret this statement from the point of advantages of Banker's Acceptances.
Summarize understandings of culturally responsive teaching : Summarize current definitions and understandings of culturally responsive teaching. Analyze research-based information regarding how culture influences.
How will change positively impact its business reporting : You are tasked with creating a document for the owner that addresses the following: How will change positively impact its business reporting

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd