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mafiozo [28]
3 years ago
12

On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be

other than temporary. On that date, the carrying value of the bonds is $38,500 and the fair value is $22,980.
Required:
Prepare the journal entry to record the impairment.
Business
1 answer:
never [62]3 years ago
3 0

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

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Answer:

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Calculation to determine What will you enter on the NET DEPOSIT line

First step is to calculate the Total deposit checks

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Second step is to add up the amount she has in the account.

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The flow of money in transnational corporations is not balanced. this is true in two ways. explain
AleksAgata [21]
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2 years ago
Net operating income computed under variable costing would exceed net operating income computed using absorption costing if: Mul
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Answer:

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