ACCT 540 week 2 Course Project _ ABC Investment Group
ACCT 540 week 2 Course Project _ ABC Investment Group
ACCT 540 week 2 Course Project _ ABC Investment Group
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<strong>ACCT</strong> <strong>540</strong> <strong>week</strong> 2 <strong>Course</strong> <strong>Project</strong> – <strong>ABC</strong> <strong>Investment</strong> <strong>Group</strong><br />
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You have been hired as a consultant for <strong>ABC</strong> <strong>Investment</strong> <strong>Group</strong>. <strong>ABC</strong> incorporated in 1999 and<br />
manages investment portfolios for small to medium size companies. The Director of the<br />
company is not up to speed on how unrealized gains and losses as well as realized gains and<br />
losses on bonds should be accounted for. The Director has been told that under certain conditions<br />
unrealized gains and losses can be accounted for in the income statement and accounted for as<br />
part of other comprehensive income under other conditions. The Director is also unclear as to<br />
how to determine whether a security is impaired and how to determine the amount that is<br />
required to be written down. You have been asked to look into these issues and determine the<br />
proper accounting treatment for bonds.<br />
Assignment<br />
In a minimum of 5 to 7 sentences, summarize the background of your case and indicate any<br />
assumptions that you are making regarding the case. Define your problem statement and research<br />
question(s).
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