Answer:
journal entry are as given below
Explanation:
given data
carrying value = $56,800
bonds decreased value = $48,100
solution
we know that here impairment loss for organization when future estimate value of assets is less than carrying value of assets
and all loss and expenses are debit
and by the impairment loss value of investment decline so maturity id credit
so here
impairment loss is
impairment loss = carrying loss - decrease value ............1
impairment loss = $56,800 - $48,100
impairment loss = $8700
so journal entry are as
date title Debit Credit
Impairment loss $8700
investment held to maturity $8700
It is because then people are already buying houses, and often homeowners do not get a lot of money in return.
What’s the quesitos asking? Like I know it’s a quick sort but like about what?
