Explain how a company determines whether it should be accounting for an investment at fair value through
Question:
Explain how a company determines whether it should be accounting for an investment at fair value through other comprehensive income or at fair value through profit or loss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Investments are accounted for at fair value through other comp...View the full answer
Answered By
Munibah Munir
I've done MS specialization in finance’s have command on accounting and financial management. Forecasting and Financial Statement Analysis is basic field of my specialization. On many firms I have done real base projects in financial management field special forecasting. I have served more than 500 Clients for more than 800 business projects, and I have got a very high repute in providing highly professional and quality services.I have capability of performing extra-ordinarily well in limited time and at reasonable fee. My clients are guaranteed full satisfaction and I make things easy for them. I am capable of handling complex issues in the mentioned areas and never let my clients down.
4.60+
467+ Reviews
648+ Question Solved
Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
Question Posted:
Students also viewed these Business questions
-
Explain how a company determines the amount of interest to capitalize when it constructs an asset.
-
Explain how a company might use the accounting rules for impairment of long-lived assets to manage earnings.
-
Explain how a company estimates its annual effective tax rate for interim reporting purposes.
-
The English publisher of a book called Cambridge gave a New York publisher permission to sell that book any place in the world except in England. The New York publisher made several bulk sales of the...
-
Identify each of the following sources of short- term credit in terms of whether they are secured (include some type of collateral) or are unsecured: Line of credit Pledging of accounts receivable....
-
EOQMultiple-Choice: a. The following information relates to the Henry Company Assuming that the units will be required evenly throughout the year, what is the EOQ? (1) 200. (2) 300. (3) 400. (4) 500....
-
What is the difference between a movement along and a shift of a demand curve?
-
Researchers developed a questionnaire to identify compulsive buyers. A random sample of 32 subjects who identified themselves as compulsive buyers was obtained, and they had a mean questionnaire...
-
Exercise 23-6 Sales mix determination and analysis LO P3 Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product...
-
Positive charges Q and Q' are placed on opposite sides of a grounded sphere of radius R at distances of 2R and 4R, respectively, from the sphere center. Show that Q' is repelled from the sphere if Q'...
-
Explain how a company can determine whether or not it has the ability to exercise significant influence over a company it has invested in.
-
Explain when it is appropriate for a company to account for an investment using the amortized cost model.
-
How many fundamental regions are there in one face of a speck of salt? (With a ruler, we can estimate that face is a square that is 0:1 cm on a side.)
-
Use a substitution of the form u= ax + b to evaluate the following indefinite integral. S3x 3x+4 dx
-
Task 3 In order to support other staff to complete future risk assessments, produce a short-written report that explains. how hazards that become risks can be controlled the importance of fully...
-
let arr = [x => x + 5, x => 8, x => x * 2]; let b = X; let a = arr.reduce((acc, f) => acc + f(b), 0); If we know a is 28, what's the value of X?
-
2. (10 pts.) Identify the point symmetry elements of the structures for which the given directions are equivalent. Enumerate the elements (i.e., the individual symmetry operations) that make up the...
-
Theory Newton's second law can be written in a more general form as where is the momentum of system of N objects and is the net external force on the system. This relationship says that the rate at...
-
In the Fresnel double mirror s = 2 m, 0 = 589 nm, and the separation of the fringes was found to be 0.5 mm. What is the angle of inclination of the mirrors, if the perpendicular distance of the...
-
Perform the indicated operations. In designing a cam for a fire engine pump, the expression is used. Simplify this expression. (3) (3 4 32
-
Identify the four financial statements used by corporations using (a) IFRS and (b) ASPE.
-
(a) What is the purpose of the statement of cash flows? (b) What are the three main categories of activities included in the statement?
-
The basic accounting equation is Assets = Liabilities + Shareholders Equity. Replacing words with dollar amounts, what is The North West Companys accounting equation at January 31, 2019? North Wests...
-
If John invested $20,000 in a stock paying annual qualifying dividends equal to 4% of his investment, what would the value of his investment be 5 years from now? Assume Johns marginal ordinary tax...
-
help asap please!
-
Please, help asap! I have one day. Feedback will be given. & show some work. [in Excel] For the final project you will need you to create a spreadsheet /proforma of the cash flows from a property....
Study smarter with the SolutionInn App