Connect Access Card for Financial Accounting: Information and Decisions

8th Edition

ISBN: 9781259662966

Author: John J Wild

Publisher: McGraw-Hill Education

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Textbook Question

Chapter C, Problem 1QS

Which of the following statements a through g are true of long-term investments’?
____ a. They can be considered cash equivalents.
____ b. They can include assets not used in operations, such as investments in land.
____ c. They can include investments in trading securities.
____ d. They can include debt securities held-to-maturity.
_____e. They are always easily sold and therefore qualify as being marketable.
____ f. They can include debt securities available-t&-sale.
____ g. They can include bonds and stocks not intended to be sold in the near future.

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Chapter C, Problem 17DQ

Chapter C, Problem 2QS

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On December 31, 2018, Blackpink Company, a financing institution lent ₱15,000,000 to YG Corp. due 3 years after. The loan is supported by an 12% note receivable. Based on the company’s initial estimates the present value of the 12 months expected credit loss (ECL) discounted at 10% is at 2,000,000. The probability of default (PD) is at 7%. Blackpink Company was able to collect interest as it became due at the end of 2019. There was no evidence of significant increase in credit risk by the end 2019 and that the receivable is determined to have “low credit risk”. There were no changes in its initial estimate of the 12 months expected credit loss either. By the end of 2020, Blackpink Company was able to collect interest as it became due. Based on available forward-looking information (determinable without undue cost or effort), however, there is evidence that there was a significant increase in credit risk by the end of 2020. Blackpink Company therefore had to change its basis…

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Chapter C Solutions

Connect Access Card for Financial Accounting: Information and Decisions

Ch. C - Under what two conditions should investments be...Ch. C - Prob. 2DQ Ch. C - Prob. 3DQ Ch. C - Identify the three classes of debt investments and...Ch. C - Prob. 5DQ Ch. C - Prob. 6DQ Ch. C - Prob. 7DQ Ch. C - Prob. 8DQ Ch. C - Prob. 9DQ Ch. C - Prob. 10DQ

Ch. C - Prob. 11DQ Ch. C - Prob. 12DQ Ch. C - Prob. 13DQ Ch. C - Prob. 14DQ Ch. C - Prob. 15DQ Ch. C - Prob. 16DQ Ch. C - Prob. 17DQ Ch. C - Which of the following statements a through g are...Ch. C - Prob. 2QS Ch. C - Prob. 3QS Ch. C - Prob. 4QS Ch. C - Prob. 5QS Ch. C - Prob. 6QS Ch. C - Prob. 7QS Ch. C - Prob. 8QS Ch. C - Prob. 9QS Ch. C - Prob. 10QS Ch. C - Prob. 11QS Ch. C - Prob. 12QS Ch. C - Prob. 13QS Ch. C - Prob. 14QS Ch. C - Prob. 15QS Ch. C - Prob. 16QS Ch. C - Prob. 17QS Ch. C - Prob. 1E Ch. C - Prob. 2E Ch. C - Prob. 3E Ch. C - Prob. 4E Ch. C - Prob. 5E Ch. C - Prob. 6E Ch. C - Prob. 7E Ch. C - Prob. 8E Ch. C - Prob. 9E Ch. C - Prob. 10E Ch. C - Prob. 12E Ch. C - Prob. 13E Ch. C - Prob. 14E Ch. C - Prob. 15E Ch. C - Prob. 16E Ch. C - Prob. 2PSA Ch. C - Prob. 6PSA Ch. C - Prob. 2PSB Ch. C - Prob. 3PSB Ch. C - Prob. 5PSB Ch. C - Prob. 6PSB Ch. C - Prob. CSP Ch. C - Prob. 4BTN Ch. C - Prob. 9BTN

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Solution Summary: The author explains that investments are classified into short term and long term investments according to the period of holding the investment.

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Chapter C Solutions