Homework Answers
Calculation of credit loss:
Fair Value - $ 56600
less: Amortised cost - $ 51800
Unrealised Loss/credit loss - $ 4800
Securities available for sale are considered as Trading securities. So, loss of theses securities are called as Unrealised loss as well.
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Grouper Company in its first year of operations provides the following information related to one of...
Solutions Grouper Company in ferst year of operations provides the following information related to one of...
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Solutions Grouper Company in ferst year of operations provides the following information related to one of its available for sale de securities December 31, 2020 Wley Channel Discunstons Amortecost Fair value Expected credit fosses $51 ROO 43.800 12.950 Conferences Collaborations Wily PLUS Support What is the amount of the credit loss thatGrouper should report on this available for sale security at December 31, 20202 Amount of the credit loss 5- eTextbook and Media List of Accounts Prepare the journal entry...
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