What is the amount should the debt instrument be included

Assignment Help Accounting Basics
Reference no: EM131939074

Question - On 1 Mar 2017, Entity A purchased a debt instrument from the market for $105,000, the par value of the instrument was $100,000. At 31 Dec 2017, the fair value of the instrument is $112,000 and the amortised cost has been calculated to be $104,000.

Entity A does not hold this type of asset for contractual cash flows. What is the amount should the debt instrument be included in Entity A's Statement of Financial Position as at 31 Dec 2017?

If Entity A holds this type of asset for contractual cash flows until maturity. What is the amount should the debt instrument be included in Entity A's Statement of Financial Position as at 31 Dec 2017?

If Entity A holds this type of asset for contractual cash flows until maturity and also for selling it. What is amount should the debt instrument be included in Entity A's Statement of Financial Position as at 31 Dec 2017?

Reference no: EM131939074

Questions Cloud

What is the amount of the financial asset on entity : What is the amount of the Financial Asset on Entity A's Statement of Financial Position as at the end of Year 2
Piece of equipment to turn out machined parts : A manufacturer builds a piece of equipment to turn out machined parts. To study the performance of her machines, she selects 8 machines
Introduce your chosen example of flawed creative thought : Identify an instance in which an individual or group was unsuccessful in using creative thinking to solve a problem.
How current state of economy will impact environmental scan : Essay that discusses how the current state of the economy will impact completing an environmental scan. Include an introduction and conclusion that make
What is the amount should the debt instrument be included : What is the amount should the debt instrument be included in Entity A's Statement of Financial Position as at 31 Dec 2017
Effect of seam differences on variability : An ANOVA is used to study the effect of seam differences on variability in the sulfur content of coal. Seams and samples from seams are taken at random.
Performed on their transformed values : Compare the Fmax test performed on the original observations (uij) with that performed on their transformed values (yij).
Examples of mergers and acquisitions in oman : what makes acquisitions and mergers to success and fail. examples of mergers and acquisitions in Oman.
Definition of mergers and definition of acquisitions : Write about mergers and acquisitions including below points. definition of mergers. definition of acquisitions.

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.

  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!

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