User Account

All Pages

What the amount to be recognized in P-L

Assignment Help Financial Accounting
Reference no: EM132928796

On January 1, 2021, ABC Corp. purchased a debt instrument at its face value of P1,000,000. The contractual term is ten years with an annual coupon of 6%. On December 31, 2021, the fair value of the instrument decreases to P955,000. 12-month expected credit losses as determined under the impairment are P25,000.

Question 1: The amount to be recognized in P/L assuming the investment is classified as FA-FVTOCI is?

Question 2: The amount to be recognized in P/L assuming the investment is classified as FA-FVPL is?

Question 3: The amount to be recognized in P/L assuming the investment is classified as FA-AC is?

Reference no: EM132928796

Questions Cloud

Design of a subsequent study : Which of the following refers to a small-scale study in which the results are only preliminary and intended only to assist in design of a subsequent study?
Would recommend sm to do so : SM tells you that it wants to establish a self-insured (a.k.a. self-funded) employer-sponsored insurance (ESI) plan. Would you recommend SM to do so?
Should commissioner move the program to managed care : The state's Medicaid program currently operates under fee-for-service, should the commissioner move the program to managed care? Why?
Discuss what you envision in the future : Discuss what you envision in the future. You can discuss the role of new IT systems that will revolutionize business.
What the amount to be recognized in P-L : On January 1, 2021, ABC Corp. purchased a debt instrument. What the amount to be recognized in P/L assuming the investment is classified as FA-FVTOCI is?
Addressing training and development in workforce : Companies that see workforce diversity programs as "quick fix" events or one-day workshops often create greater, not less, divisiveness among workers.
Example visualization or infographic : Select any example visualization or infographic and imagine the contextual factors have changed:If the selected project was a static work,
Assignment on inside internships : Many recent graduates work as interns as they begin to establish their careers. Career Edge Organization is a national not-for-profit service provider, establis
Calculate the incremental irr for the two projects : Godfall Inc., The required rate of return on these projects is 6%. Calculate the incremental IRR (aka cross-over rate) for the two projects.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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