What is the investment carrying value at december 31

Assignment Help Accounting Basics

Reference no: EM132981635

Question: On October 1, 2020, Beondegi Company purchased as debt investments at fair value through profit or loss, P100,000, 14% bonds of Samjang Company for 99 plus accrued interest and broker's fees. Interest is paid semi-annually on February 1 and August 1. Broker's fees incident to this purchase amounted to P500. How much was the total cash payment in the acquisition of the debt investments on October 1, 2020?

On July 1, Year 2, Superb Company purchased 4,000 of the P1,000 face amount, 8% bonds of Oat Corp, for P3,692,000 to yield 10% per annum. The bonds, which mature on July 1, Year 5, pay interest semiannually on January 1 and July 1. Superb Company clarifies the securities as at amortized cost.

What is the investment carrying value at December 31, Year2?

Reference no: EM132981635

Questions Cloud

Differences between soft and hard systems models of change : Differences between soft and hard systems models of change

What are the ethical and scientific integrity issues : What technology did you use to locate the articles? Databases? Compare the difference between theory, research, and practice in nursing

State governments regulate businesses and protect consumers : Show how the sources of power from federal and state governments regulate businesses and protect consumers.

Differences between competency modeling and job analysis : What ae the similarities and differences between competency modeling and job analysis? Elaborate with the help of a self-constructed example?

What is the investment carrying value at december 31 : What is the investment carrying value at December 31, Year2 - Superb Company clarifies the securities as at amortized cost.

Company performance management initiative : As part of Avondale Industries' performance management initiative, the training and development director was asked to customize a training program that would in

Discuss why is important to have good data quality : Choose a real-life scenario you have encountered or can imagine and discuss why is it important to have good data quality and what can happen

Employee benefits offered by an employer : What are some of the more important employee benefits offered by an employer? Also, why have stock acquisition plans become a major national issue

What are two factors merchandise buyers should consider : What are two factors merchandise buyers should consider when determining the retail prices for merchandise? Why do you think the two factors you have chosen

User Account

All Pages