subject
Business, 10.03.2020 22:32 nautiannaharper59901

On January 1, 2018, Ross Corporation issued bonds with a maturity value of $200,000; the bond’s stated rate of interest equaled the market interest rate on the issue date. On December 31, 2018, the market value of the bonds was $188,926; on December 31, 2019, the market value of the bonds was $191,325. Which of the following correctly describes Ross Corporation’s financial reporting if Ross elects to measure the bond liability using the fair value accounting option?

a. For the year ending December 31, 2019, Ross will report an unrealized holding loss of $2,399 in its income statement.
b. For the year ending December 31, 2019, Ross will report an unrealized holding loss of $8,675 in its income statement.
c. For the year ending December 31, 2018, Ross will report an unrealized holding loss of $11,074 in its income statement.
d. For the year ending December 31, 2019, Ross will report an unrealized holding gain of $8,675 in its income statement.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 20:20
You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take
Answers: 2
question
Business, 23.06.2019 18:30
George kyparisis makes bowling balls in his miami plant. with recent increases in his​ costs, he has a newfound interest in efficiency. george is interested in determining the productivity of his organization. he would like to know if his organization is maintaining the manufacturing average of a​ 3% increase in productivity. he has the following data representing a month from last year and an equivalent month this​ year: last year now cost per input unit units produced 1 comma 2001,200 1 comma 2001,200 labor​ (hours) 300300 275275 ​$1212 per hour resin​ (pounds) 5050 4545 ​$55 per pound capital invested​ ($) 10 comma 00010,000 11 comma 00011,000 22​% per month energy​ (btu) 2 comma 9002,900 2 comma 7502,750 ​$0.600.60 per btu the percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator​ = 3.153.15​% ​(enter your response as a percentage rounded to two decimal​ places).
Answers: 3
question
Business, 23.06.2019 23:10
You want to buy a new ski boat 2 years from now, and you plan to save $6,400 per year, beginning one year from today. you will deposit your savings in an account that pays 6.2% interest. how much will you have just after you make the 2nd deposit, 2 years from now?
Answers: 2
question
Business, 24.06.2019 01:00
The doors were locked at the triangle shirtwaist company on the day of the fire because the manager tragically forgot to unlock them when he arrived in the morning.
Answers: 3
You know the right answer?
On January 1, 2018, Ross Corporation issued bonds with a maturity value of $200,000; the bond’s stat...
Questions
Questions on the website: 13722363