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Question - The Analysis of Bond Investments - The Discovery Company began operations in 2019, and by year-end (December 31), had made six bond investments. Year-end information on these investments follows:
Company
Cost or Equity (as appropriate)
Year-End Market Value
Classification
Ling, Inc.
$68,000
$65,300
Trading
Owl, Inc.
$162,500
$160,000
Bionamic, Inc.
$197,000
$192,000
Available for sale
Foote, Inc.
$157,000
$154,700
Buckley, Inc.
$100,000
$102,400
Held to maturity
Riccer, Inc.
$136,000
$133,200
Required -
a. At what total amount will the trading investments be reported on the December 31 balance sheet?
b. At what total amount will the available-for-sale investments be reported on the December 31 balance sheet?
c. At what total amount will the held-to-maturity investments be reported on the December 31 balance sheet?
benson company is considering the replacement of a machine that is presently used in production. the following data are
southlake corporation issued 900000 of 8 bonds on march 1 19x1. the bonds pay interest on march 1 and september 1 and
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