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.
Macduff's boss told him he needs to be more concise in his report writing. to do this, MacDuff should delete the <u>verbiage </u>form the report.
<h3>What is verbiage?</h3>
Verbiage simply means words that don't reduce the meaning of the information when they are deleted.
In order words they are needless and hence need to be removed.
Macduff can do this manually or he can do so with the aid of online tools that are programmed to recognize unnecessary words and options for revision.
The importance of being concise is that it makes the report easier to read, thus improving effectiveness of communication.
Learn more about report writing at;
brainly.com/question/192736
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Answer:
the first one
Explanation:
because the other ones don’t really make sense because cars and refrigerators are not very energy efficient, costs of cars and refrigerators are higher bc they are important and they don’t have to be custom produced
23,748.3853 i think that’s the answer