Business, 10.12.2019 01:31 paulawells11
On march 25, 2021, phillips corporation purchased bonds of atlas corporation for $132 million and classified the securities as trading securities. on december 31, 2021, these bonds were valued at $150 million. three months later, on april 3, 2022, phillips corporation sold these bonds for $140 million. as part of the multi-step approach to record the 2019 transaction, phillips corporation should first update the fair value adjustment by recording:
multiple choice
an unrealized holding gain of $28 million in 2019.
a unrealized holding loss of $10 million in 2019.
an unrealized holding gain of $8 million in 2019.
a gain of $8 million in 2019.
Answers: 3
Business, 22.06.2019 00:00
Which part/word/phrase in the passage refers to a businessâs financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
Answers: 1
Business, 22.06.2019 05:00
Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.
Answers: 3
Business, 22.06.2019 14:00
How many months does the federal budget usually take to prepare
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Business, 22.06.2019 19:20
After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model
Answers: 1
On march 25, 2021, phillips corporation purchased bonds of atlas corporation for $132 million and cl...
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