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xxTIMURxx [149]
3 years ago
7

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase wit

h the correct term. Securities held to maturity Unrealized holding gains and losses Impairment of securities available for sale Losses of investee Amortization of a patent that was obtained in a business acquisition A. Requires positive intent and ability. B. Reported in the income statement for trading securities. C. Requires recognition in the income statement if judged to be other than temporary. D. Reduces investment account under the equity method if its fair value is higher than its book value. E. Recognized only to the extent of carrying value under the equity method.
Business
1 answer:
vodka [1.7K]3 years ago
6 0

Answer:

1 -- A, 2 -- B, 3 -- C, 4 -- E, 5 -- D

Explanation:

Securities held to maturity --

It requires the positive intent as well as ability.

Unrealized holding gains and losses --

Reported for the income statement of trading securities.

Impairment of securities available for sale --

Requires a recognition in income statement when judged to be other than the temporary.

Losses of investee --

Recognized only to extent of the carrying value under an equity method.

Amortization of a patent that was obtained in a business acquisition --

Reduces the investment account under an equity method if the fair value is higher than the book value.

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Machinery purchased for $150,000 by Tom Brady Co. in 2010 was originally estimated to have a life of 12 years with a salvage val
Phoenix [80]

Answer:

$7,312.50

Explanation:

The computation of the depreciation expense for 2017 is shown below:

Book Value is

= Cost - Accumulated Depreciation

= $150,000 - {[($150,000 - $24,000) ÷ 12 ] × 7y}

= $150,000 - [($126,000 ÷ 12 ) × 7]

= $150,000 - ($10,500 × 7)

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Now the depreciation expense for 2017 :

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= $58,500 ÷ 8 years

= $7,312.50

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3 years ago
In three to five sentences, describe the steps you can take to effectively organize your writing.
xz_007 [3.2K]
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3 years ago
Suppose that the price of chicken rises sharply compared to the price of turkey. In response, consumers buy more turkey and less
astra-53 [7]

Answer:

A.overstate; substitution

Explanation:

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when we say the CPI overstate inflation; it is because of:

Substitution bias (when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives; Therefore, it tends to overstate inflation due to a lack of accountability ) and;

Quality bias (over time, technological advances increase the life and usefulness of products).

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4 years ago
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Degger [83]

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3 years ago
The reduction in transactions costs per dollar of investment as the size of transactions increases is
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Hope it helps
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