Question: How is fair value estimated
How is fair value estimated?
Answer to relevant QuestionsOn 1 August 20X4, Baker Company purchased $ 50,000 face amount of Sugar Company 6% coupon value bonds for $ 43,200. The market interest rate was 8% on this date. The bond pays interest semi- annually on 31 July and 31 ...What accounting policy (ties) will a private enterprise use to account for investments? Why are these different alternatives than those available to those companies that comply with IFRS?Under what circumstances is an investment reclassified from the AC classification to the FVTPL classification? Can an AC investment be classified as FVTOCI? Explain.FYY Limited purchased 500 shares of Humor Inc. for $ 6,000 plus $ 500 in commission. The shares had a fair value of $ 19,000 at the end of 20X1, $ 25,000 at the end of 20X2, and $ 40,000 at the end of 20X3. In 20X4, the ...Franco Ltd. purchased $ 400,000 of Gentron Company 5% bonds. The bonds pay semi- annual interest each 30 June and 31 December. The market interest rate was 6% on the date of purchase. The bonds mature on 31 December 20X10. ...
Post your question