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vodomira [7]
4 years ago
9

Fowler Inc. purchased $86,000 of bonds on January 1, 2018. The bonds pay interest semiannually and mature in 25 years, at which

time the $86,000 principal will be paid. The bonds do not pay any amounts other than interest and principal. During 2018, the fair value of the bonds increased to $102,000. Fowler reports investments under IFRS No. 9. Fowler intends to hold the bonds until maturity. How much unrealized gain or loss would Fowler include in 2018 net income with respect to the bonds?
Business
1 answer:
Sav [38]4 years ago
5 0

Answer:

zero

Explanation:

As it will be hold until maturity Fowler Inc will ignore the fluctuation in the fair value as have no impact in the future cash flow from the bond (coupon payment and principal at maturity) Thus, Fowler Inc will use amortized cost as a method to valuation rather than fair value through other comprehensive income

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Answer:

A) if the mistake involves a material fact

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Any party involved in the transaction, either Dale and Ezra, has the right to rescind the contract if the other party provided false information about a material fact that was relevant to the other party's intention of signing the contract. In contract law, a material fact is any fact that is important, significant or essential to any of the parties involved in a contract, e.g. size of a property, age of a property

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3 years ago
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Answer:

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storchak [24]

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3 years ago
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To learn more about contract here,

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