Question
On december 31, 2021 justin corporation's long term liabiliteis included bonds with a carrying value of 153,500 and a fair market value of 144000. What
On december 31, 2021 justin corporation's long term liabiliteis included bonds with a carrying value of 153,500 and a fair market value of 144000. What entry should justin corp, record at the end of 2021 under the fair value of accounting for bonds
debit bonds payable 9500 credit unrealized holding gain/lossess of 9,500
none of these
no entry is needed
debit unrealized holding gain/losses 9500.credit bonds payable 9,500
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
7th edition
77733770, 978-0077733773
