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Question
Mesquite, Inc. has held-to-maturity debt securities it purchased in 2011. At December 31, 2012, the amortized cost basis of the securities is $220,000 and the fair value of the securities is $208,000. The present value of estimated future cash flows discounted at the original effective interest rate is $210,000. Mesquite, Inc. uses IFRS for its external reporting. What amount of loss, if any, will Mesquite, Inc. report related to these securities for 2012?
A. $ - 0 -
B. $12,000.
C. $10,000.
D. $2,000.
Answer
This answer is hidden. It contains 1 characters.
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