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What amount should be reported in december

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Reference no: EM132960287

The following information relates to non-current investments placed in trust by Mrs. Puff Company as required by underwriter of its bonds.

Bond sinking fund, January 1, 2021 P 2,250,000

Additional investments to the sinking fund during 2021 450,000

Dividend revenue on equity securities 75,000

Interest revenue on debt securities 150,000

Administration cost 25,000

Carrying value of bonds payable 3,000,000

Problem 1: What amount should be reported in its December 31, 2021 Statement of Financial Position related to its non-current investments for bond sinking fund?

a. 2,925,000

b. 2,875,000

c. 2,900,000

d. 2,700,000

Reference no: EM132960287

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