Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. don financial buys and sells securities which it c

Don Financial buys and sells securities which it classifies as available-for-sale. On December 31,...

60.1K

Verified Solution

Question

Accounting

Don Financial buys and sells securities which it classifies as available-for-sale. On December 31, 2021, a bond had an amortized cost of $90,000 and fair value of $93,000. Differences between cost and
market values are considered to be temporary. The change in market value was properly accounted for at December 31,2021.
On December 31,2022, the bond has an amortized cost of $90,000 and the bond's fair value is now $89,000. The amount included in 2022 other comprehensive income as a result of this
investment would be:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How do we check whether the data collected in a research project comes from a Normal...

Statistics
Q

The Developing World and the Developed World i) In what ways is human population ecology similar to...

Biology
Q

1) Use an Excel spreadsheet to evaluate the ABCD Company proposal. 2) Conduct a sensitivity analysis that...

Finance
Q

2 22 A 30 V storage battery is charged from 120 V direct current supply...

Physics
Q

Four forces are applied on an object as shown in the figure The magnitudes of...

Physics
Q

Find the length of segment NM K x 3 M x 3 16 N

Geometry
Q

the domain of the square root function f x is x 7 which statement must...

Algebra
Q

Match each capital budgeting method with its definition METHODS 1. Accounting rate of retum 2....

Accounting
Q

Sheridan Company purchased 100 of the 1000 outstanding shares of Darby Company's common stock for...

Accounting
Q

Stone Company produces carrying cases for CDs. It has compiled the following information for the...

Accounting
Q

Required: (c) The Truscreen audit report also includes Key Audit Matters (KAMs). In what way...

Accounting
Q

Boerne Community Hospital has been under increasing pressure to be accountable for its patient charges....

Accounting