1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weqwewe [10]
3 years ago
8

Mesquite, Inc. has held-to-maturity debt securities it purchased in 20X1. At December 31, 20X2, the amortized cost basis of the

securities is $220,000 and the fair value of the securities is $208,000. The present value of estimated future cash flows discounted at the original effective interest rate is $210,000. Mesquite, Inc. uses IFRS for its external reporting. What amount of loss, if any, will Mesquite, Inc. report related to these securities for 20X2
Business
1 answer:
BabaBlast [244]3 years ago
5 0

Answer:

"$10,000" is the appropriate solution.

Explanation:

According to the question, the values are:

Future cash flows,

= $2,10,000

Amortization Cost,

= $2,20,000

Now,

The loss amount will be:

=  Future \ Cash \ Flows - Amortization \ Cost

On substituting the given values, we get

=  2,10,000 - 2,20,000

=  10,000

You might be interested in
Please help I have no clue how to do accounting
levacccp [35]

Answer:

the picture not working

Explanation:

5 0
3 years ago
The higher the firm's flotation cost for new common equity, the more likely the firm is to use preferred stock, which has no flo
kirill115 [55]

Answer:

B. False

Explanation:

Flotation costs are cost that are concerned with issuing new common stock. It is the amount of money or cost incurred by an organization when offering its securities to the public. The cost may include legal fees, auditing fees and registration fees. When the flotation cost goes higher, firms are more likely to use debts rather than preferred stock. This is simply because debt is lesser than both common stock and preferred stock. Also, its fallacy to think that preferred stock doesnt have flotation cost. Its only that its not as high as the ones for new common equity.

8 0
3 years ago
A _____ is subsidiary to the work-in-process account and is the primary document for accumulating all costs related to a particu
OlgaM077 [116]

Answer:

correct option is b. job-order cost sheet

Explanation:

A job order cost sheet is subsidiary to work in process

because job-order cost sheet are the documents that is use for record the manufacture cost.

and all necessary and important detail of cost & job is written in job cost sheet

and it is also accounting record of the company  

so here given that primary document for accumulate all cost related to a particular task

so correct option is b. job-order cost sheet

8 0
3 years ago
On March 1, 2022, Wildhorse Company acquired real estate, on which it planned to construct a small office building, by paying $9
Nitella [24]

Answer:

The amount to be reported as the cost of the land is $ 114,200

Explanation:

Cash paid for the land = $ 98,000

Net cost of demolishing old ware house = $ 11,000 - $ 3,100 = $ 7,900

Attorney's fee = $2,000

Real estate broker's fee = $ 6,300

Total cost of the land = Cash paid for the land + Net cost of demolishing old ware house + Attorney's fee + Real estate broker's fee

= $98,000 + $ 7,900 + $2,000 + $ 6,300

= $ 114,200

4 0
3 years ago
Avon, Tupperware, and Southwestern Company of Nashville are among companies in the multibillion-dollar ________ industry, which
Bas_tet [7]

Answer:

Direct Marketing

Explanation:

These companies and many more rely on selling door to door, using home sales parties, etc. They do not involve huge media campaigns. They are pretty much focused on their investments in advertising. Since they normally know better who are they're targetting.

6 0
3 years ago
Other questions:
  • Which stage of the selling process deals with the actual point of sale where the customer agrees to buy? Which stage relates to
    6·1 answer
  • Jessica has $10. a certain pencil cost 70 cents each. Jessica wants to buy those pencils as many as she can. how many such penci
    13·1 answer
  • In order for information to be meaningful, a firm's accounting processes and procedures should be certified as accurate by accep
    12·1 answer
  • A book store had a $780,000 in sales revenue in 2000 and $590,000 in 2011. Assuming a constant EXPONENTIAL annual rate of decrea
    7·1 answer
  • Suppose that the demand for loanable funds for car loans in the milwaukee area is $10 million per month at an interest rate of 1
    14·1 answer
  • Wich activity does economics primarily study​
    8·1 answer
  • Explain why a hair dryer has a high-heat setting with a lower resistance than the low-heat setting
    7·1 answer
  • During May, Darling Company incurred factory overhead costs as follows: indirect materials, $2,250; indirect labor, $6,370; util
    12·1 answer
  • connect academy contracts with states to provide virtual public education. at connect academy, the work groups are divided into
    7·1 answer
  • It is a real problem for us’, said Angnyeta Larson, ‘We now have only ten working days between all the expense claims coming fro
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!