Examlex
Use the following information for questions 7 and 8
Rushia Company has an available-for-sale investment in the 10%, 10-year bonds of Pear Company The investment's carrying value is $3,200,000 at December 31, 2014. On January 9, 2015, Rushia learns that Pear Company has lost its primary manufacturing facility in an uninsured fire. As a result, Rushia determines that the investment is impaired and now has a fair value of $2,300,000. In June, 2016, Pear Company has succeeded in rebuilding its manufacturing facility, and its prospects have improved as a result.
-If Rushia Company determines that the fair value of the investment is now $2,900,000 and is using IFRS for its external financial reporting, which of the following is true?
Experiential Learning
A learning process through which students develop knowledge, skills, and values from direct experiences outside a traditional academic setting.
Probabilities
A branch of mathematics dealing with the likelihood of occurrence of different events.
Data Staging
The process of preparing and organizing data for further analysis or processing, often involving cleansing, transformation, and storage steps in a dedicated area or platform.
Expert System
A system that tries to replicate the decision-making processes of human experts in order to solve specific problems.
Q11: Companies should classify the balances in the
Q24: At December 31, 2014 Pine Company had
Q34: A company issues $20,000,000, 7.8%, 20-year bonds
Q63: On January 2, 2015, Tylor Company issued
Q81: If the beginning balance in the investment
Q82: On July 1, 2014, Ellison Company granted
Q84: If expenses, other than the cost of
Q95: Companies report the amount of social security
Q96: If the difference between the Construction in
Q106: On January 1, 2015, Warren Corporation had