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Leviafan [203]
3 years ago
7

At the end of year 1, Rome Inc. held debt securities classified as available-for-sale securities. The securities were carried at

market value of $57,320 with a cumulative unrealized loss of $12,350. What was the historical cost of the debt securities available for sale?
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

The historical cost of the debt securities available for sale was $69,670.

Explanation:

Market value of the securities = $57,320

Cumulative unrealized Loss = $12,350

Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses

Historical cost of the securities held for sale = $57,320 + $12,350

Historical cost of the securities held for sale = $69,670

Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.

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Luba_88 [7]

Answer:

C) Recurrent Disability provision

Explanation:

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For example you might get hit on the right side of your head severely and lose partial hearing from your right ear, but in a couple months you might notice that your short term memory has also been affected. Both disabilities were caused by the injury although one showed up before the other.

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8 0
3 years ago
The logical sequence of the phases of a business cycle is: ____________
koban [17]

Answer:

phases in the sequence of Recession, trough, expansion and Peak

Explanation:

we know that 4 phases of a business cycle are

peak and  downturn (recession) and trough and upturn (expansion)

top of cycle is called peak

and boom is a very high peak

recession where conomic activity is falling from the peak

and when decline persist for more than 2 consecutive quarters that is recession

and The bottom of the recession is trough

so we know business cycle is a economic model  that describe fluctuation in economic activity

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7 0
3 years ago
Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their ad
hoa [83]

Answer:

$3,700

Explanation:

Given that

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Based on the given information, Russ and Linda's total child and other dependent credit for the year 2019 is

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= ($2,000 × 2 + $500) - ($50 × 16)

= $4,500 - $800

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After $400,000 the $50 is decreased for each and every $1,000

5 0
3 years ago
What conditions must be met for a company to include a transaction in reported revenue for a given period?
Morgarella [4.7K]

Answer:

Conditions to be met by a company to recognize a transaction in revenue for a given period are:

  • It should provide a benefit and shall be calculated and defined in numerical and monetary terms.
  • It should relate to any kind of service or products provided.
  • It shall be accrued in the current financial period.
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3 years ago
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kifflom [539]

Answer:

Socially Responsible

Explanation:

4 0
2 years ago
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