Answer:
a. Investment at Amortized Cost
a. the journal entry to record Tanner-UNF's investment :
Debit : Investment in Bonds 140.0 million.
Credit : Cash 140.0 million.
Explanation:
Definition and Recognition
<em>IAS 32</em> defines a Financial Asset as any asset that is cash, equity instrument of another entity, a contractual right to receive cash or another asset. The bonds acquired by Tanner-UNF Corporation presents a <em>contractual right to receive cash</em> therefore it is a Financial Asset.
Classification
<em>IFRS 9</em> deals with the classification of Financial Assets. Financial Assets can be classified at Amortized Cost, Fair Value through other Comprehensive Income and Fair Value through Profit and loss.
If the entity`s model is <em>to collect the contractual cash flows</em> and if these cash flows give rise <em>to payments of principle and interest</em>, the Financial will be classified as Amortized Cost. Since Tanner-UNF Corporation management has the positive intent and ability to hold the bonds until maturity, they will classify the Investment at Amortized Cost.
Initial measurement
All financial investments are initially measured at Fair Value. Thus, investment in $170 million of 6.0% bonds will be measured at $140.0 million.
Journal entry :
Debit : Investment in Bonds 140.0 million.
Credit : Cash 140.0 million.
The answer is most likely 3 because if the demolition isnt successful then they'll have to redo it
Answer: Integrated Marketing communication.
Explanation:
Integrated marketing communication is a form of marketing strategy, where a business brand sends out several interconnected adverts and promotions, which all function to highlight the need for a consumer to purchase a certain product/service.
Answer:
Total overhead= $550,000
Explanation:
Giving the following information:
The total fixed manufacturing overhead cost of $440,000
variable manufacturing overhead of $2.20 per machine-hour
50,000 machine-hours.
To calculate the total overhead, we need to sum to the fixed overhead the total variable manufacturing overhead:
Total overhead= 440,000 + 2.2*50,000= $550,000