How should rebound treat this in its 2014 income statement, Accounting Basics

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How should rebound treat this in its 2014 income statement

Rebound Inc. reports under IFRS. In 2013 Rebound recognized an impairment of $200,000 due to a troubled debt restructuring. In 2014 Rebound was pleased to determine that more cash flows would be received from the receivable than was previously thought, such that, if the total impairment were to be calculated in 2014, it would be estimated as $150,000 rather than $200,000. How should Rebound treat this in its 2014 income statement?

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Accounting Basics: How should rebound treat this in its 2014 income statement

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Accounting Basics: How should rebound treat this in its 2014 income statement

Reference No:- TGS0677956

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Ordering and carrying costs for the eoq

Q : How do you work this transaction

Q : Is your response to religion more positive or negative

Q : Explain the number of workers currently employed

Q : How should rebound treat this in its 2014 income statement

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Q : Determine expected dividend per share for each of next year

Q : How much is budgeted net income for may

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Accounting Basics: How should rebound treat this in its 2014 income statement

Reference No:- TGS0677956

Recent Questions Asked Accounting Basics

Q : Ordering and carrying costs for the eoq

Q : How do you work this transaction

Q : Is your response to religion more positive or negative

Q : Explain the number of workers currently employed

Q : How should rebound treat this in its 2014 income statement

Q : Question regarding the swann company

Q : Determine expected dividend per share for each of next year

Q : How much is budgeted net income for may

Q : Question-pawnee manufacturing

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