Per our sales contracts, we offer a one-year warranty covering defects in the games. Customers have the option to return the game cartridge for replacement or repair.<\/p>
<\/p>
is warranty financial instrument?<\/p>
<\/p>
Securities<\/strong><\/p> In March, All Starr purchased Pacific Loans and Savings (Pacific) securities, which are listed on the Toronto Stock Exchange. Pacific was selected as a good investment based on its history of dividends and analyst predictions for capital appreciation in the short term. Unfortunately, Pacific has dropped in value since it was acquired due to the slowdown in the housing market and recent government policy changes requiring larger down payments for first-time homebuyers. These investments were acquired with the intention of selling them in the short term if price increased.<\/p> <\/p> Note receivable<\/strong><\/p> <\/p> Doyle Games is a local game company that needed some new computers and virtual reality studio equipment. In January, All Starr entered into an agreement with Doyle Games, selling it $80,000 in equipment but agreeing not to collect payment for three years. Doyle Games is expecting a grant from the government that will be paid in three years' time. All Starr would normally charge interest of 8%, but has agreed to waive the interest for this contract. The $80,000 balance owing from Doyle has been recorded as a note receivable. All Starr recorded a gain on the sale of equipment of $25,000.<\/p> <\/p> is it financial instrument?<\/p>",
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"related_book": {
"title": "Income Tax Fundamentals 2013",
"isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516",
"edition": "31st Edition",
"authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill",
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