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MAXImum [283]
3 years ago
9

Escanaba purchased five-year debt securities on 1/1/21, which it plans to hold until maturity. At 12/31/21, the market value is

2% lower than carrying value. How should Escanaba report the 2021 unrealized loss?
Business
1 answer:
Sliva [168]3 years ago
7 0

Answer:

Escanaba should report their investment as held to maturity securities, therefore, they must be reported as non-current assets (since they mature in more than 1 year). Generally HTM securities are reported at their amortized cost.

This means that any change in their market price (gains or losses) will not be reported in the balance sheet nor the income statement.

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3 years ago
Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the fo
vekshin1

Answer:

Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.

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$12.50               375,000                           625,000

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3 years ago
QRM, Inc.'s marginal tax rate is 35%. It can issue 10-year bonds with an annual coupon rate of 7% and a par value of $1,000. Aft
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Answer:

4.87%

Explanation:

In this question , we are asked to calculate the appropriate after-tax cost of new debt for the firm to use in capital budgeting analysis.

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FV = 1000 (indicates the future/face value)

Rate = ? (indicates the cost of debt)

After Tax Cost of Debt = Rate(Nper,PMT,PV,FV)*(1-Tax Rate) = Rate(10,70,-966,1000)*(1-.35) = 4.87%

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Explanation:

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