Financial Reporting, Financial Statement Analysis and Valuation
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN: 9781285190907
Author: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher: Cengage Learning
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Chapter 2, Problem 13PC

a.

To determine

Indicate the effect of market value changes and sale of asset using valuation of note at present value of future cash flow at historical interest rate of 8%.

b.

To determine

Indicate the effect using the fair value changes in the market interest rates and including unrealized gains and losses.

c.

To determine

Explain the reason for similar retained earnings in case ‘a.’ and case ‘b’.

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