1
Q
Summary
A
2
Q
FV-NI
A
- is for trading purposes => it is considered short term => so no amortization (of a discount or a premium). The entru is blended together:
dr. Cash
cr. Investment income or loss
3
Q
FV-OCI
A
- when investments are disposed, previously unrealized holding gains or losses need to be transferred out of OCI/AOCI
- FC-OCI with recycling => they go into net income
- FV-OCU without recycling => they go directly to RE
4
Q
Cost/amortized cost
A
- the only method that amortized Discount/Premium
FA 1
flashcards
Decks in class (21)
# Cards
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Chapter 59
-
Chapter 418
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Chapter 620
-
Chapter 6 - textbook21
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Terms2
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Chapter 810
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Chapter 8 - problems14
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Chapter 7 - problems7
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Chapter 77
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Chapter 4 - problems12
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Chapter 18
-
Chapter 6 - problems1
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Chapter 915
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Chapter 1020
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Chapter 10 -118
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Chapter 11 - terms9
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Chapter 9 - study guide21
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Chapter 12 - problems1
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Chapter 12 - concepts14
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Chapter 9 - problems4
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Chapter 11 - problems1
