Homework Answers
Held to maturity securities are reported at cost on cost on the balance sheet date and include only stocks.
The answer is C.
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35 Held-to-Maturity securities are reported at their fair market value on the balance sheet date b....
Chapter 1 Intercorporate Investments: An Overview Held-to-maturity securities are recorded at amortized cost which approximates fair...
Chapter 1 Intercorporate Investments: An Overview Held-to-maturity securities are recorded at amortized cost which approximates fair market value. The Company evaluates whether the decline in fair value of its investments is other-than-temporary at each quarter-end. This evaluation consists of a review by management, and includes market pri information and maturity dates for the securities held, market and economic trends in the industry and information on the issuer's financial condition and, if applicable, information on the guarantors financial condition. Factors considered...
In footnotes to its 2016 annual report, Bancfirst Corp. reported that held-to-maturity debt securities with an...
In footnotes to its 2016 annual report, Bancfirst Corp. reported that held-to-maturity debt securities with an amortized cost of $4,365 thousand had an estimated fair value of $4,403 thousand. a. What amount does Bancfirst report on its 2016 balance sheet for these held-to-maturity securities? b. If these debt securities had instead been classified as available-for-sale securities, how would Bancfirst’s pretax income have been affected
Which of the following investment securities held by Google Inc. may be classified as held-to-maturity securities in its balance sheet?
Which of the following investment securities held by Google Inc. may be classified as held-to-maturity securities in its balance sheet? All of these answer choices are correct. None of these answer choices are correct. Common stock Long-term debenture bonds Callable preferred stock
31, 2021, the hands hefir value of 1.600.000 and bonds from held-to-maturity to trading securita sheet...
31, 2021, the hands hefir value of 1.600.000 and bonds from held-to-maturity to trading securita sheet and the 2021 income stal o w the following umber 31 hased 54 million sha We had a fair value of otrading securitie s ll bedste andere Desember 11.3021, balance Investment in bonds (TS) $ 3.600.000 $3,600,000 $4,000,000 $4,000,000 A) Option a B) Option Option D) Options $ 400.000 400,000 On January 1, 2021, Rupar Retailers purchased $100,000 of Anand Company bonds at a...
Which of the following statement(s) is (are) true about reporting held to maturity securities? I. Investments...
Which of the following statement(s) is (are) true about reporting held to maturity securities? I. Investments in debt securities that are classified as held to maturity are reported at amortized cost. II. Interest revenue on debt securities that are classified as held to maturity are recognized as other comprehensive income. III. The market value of investments in debt securities that are classified as held to maturity must be disclosed. a. I and II b. I and III c. I, II,...
14. An example of securities which could be classified as held-to-maturity are A) preferred stock B)...
14. An example of securities which could be classified as held-to-maturity are A) preferred stock B) warrants. C) municipal bonds D) treasury stock 15. Which set of accounting principles require use of the equity method if a company owns between 20% and 50% A) GAAP B) IFRS. C) Neither A nor B. D) Both A and B. 16. A requirement for a security to be classified as held-to-maturity is A) ability to hold the security to maturity. B) positive intent....
Chapter HW on Investment in equity securities (Trading securities) The information below relates to Wynn Corporation’s...
Chapter HW on Investment in equity securities (Trading securities) The information below relates to Wynn Corporation’s investments classified as trading securities in 2017 and: 1/1/17 Purchased $100,000 par value of Barr Company bonds at 97 with an annual yield of 10%. The bonds pay interest annually on 12/31. The annual interest rate is 9%. 9/5/17 Purchased 3,200 shares of Pine, Inc. common stock for $25 per share. 12/31/17 Received $9,000 interest for investment in Barr Company bonds for 2017 (note:...
E 12-18 Fair value option; held-to-maturity investments • LO1 LO2 LO7 This is a variation of...
E 12-18 Fair value option; held-to-maturity investments • LO1 LO2 LO7 This is a variation of Exercise 12-1 focusing on the fair value option.) Tanner-UNF Company acquired as a long-term investment $240 million of 6% bonds, dated July 1. on July 1, 2012. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate...
Held to Maturity Securities: ABC Co. Bonds Trading Securities: Amortized cost 12/31/2017 $367,500 Amortized Cost 12/31/2018...
Held to Maturity Securities: ABC Co. Bonds Trading Securities: Amortized cost 12/31/2017 $367,500 Amortized Cost 12/31/2018 $360,000 awarded pred Fair Value 12/31/2017 $375,000 Fair value 12/31/2017 $ 48,000 $ 47,000 $ 44,000 Fair Value 12/31/2017 $130,500 DEF Co. Bonds GEH Inc. Bonds IJK Inc. Bonds Available for sale Securities: LMN Co. Bonds Fair Value 12/31/2018 $400,000 Fair Value 12/31/2018 $ 59,500 $ 77,000 $ 38,500 Fair Value 12/31/2018 $150,400 Cost $ 66,000 $ 39,000 $ 32,990 Cost $140,000 2140,000 What...
You are engaged in the audit of the financial statements of Onedirection Corp. for the year...
You are engaged in the audit of the financial statements of Onedirection Corp. for the year ended December 31 and you are about to begin an audit of the investment securities. Onedirection's records indicate that the company owns various bearer bonds as well as 25% of the outstanding common stock of Geico Inc., a nonpublic insurer. All securities in Onedirection'sportfolio are actively traded in a broad market, and approximately 10% of the total shares are in the process of being...
Chapter 1 Intercorporate Investments: An Overview Held-to-maturity securities are recorded at amortized cost which approximates fair market value. The Company evaluates whether the decline in fair value of its investments is other-than-temporary at each quarter-end. This evaluation consists of a review by management, and includes market pri information and maturity dates for the securities held, market and economic trends in the industry and information on the issuer's financial condition and, if applicable, information on the guarantors financial condition. Factors considered...
31, 2021, the hands hefir value of 1.600.000 and bonds from held-to-maturity to trading securita sheet and the 2021 income stal o w the following umber 31 hased 54 million sha We had a fair value of otrading securitie s ll bedste andere Desember 11.3021, balance Investment in bonds (TS) $ 3.600.000 $3,600,000 $4,000,000 $4,000,000 A) Option a B) Option Option D) Options $ 400.000 400,000 On January 1, 2021, Rupar Retailers purchased $100,000 of Anand Company bonds at a...
14. An example of securities which could be classified as held-to-maturity are A) preferred stock B) warrants. C) municipal bonds D) treasury stock 15. Which set of accounting principles require use of the equity method if a company owns between 20% and 50% A) GAAP B) IFRS. C) Neither A nor B. D) Both A and B. 16. A requirement for a security to be classified as held-to-maturity is A) ability to hold the security to maturity. B) positive intent....
E 12-18 Fair value option; held-to-maturity investments • LO1 LO2 LO7 This is a variation of Exercise 12-1 focusing on the fair value option.) Tanner-UNF Company acquired as a long-term investment $240 million of 6% bonds, dated July 1. on July 1, 2012. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate...
Held to Maturity Securities: ABC Co. Bonds Trading Securities: Amortized cost 12/31/2017 $367,500 Amortized Cost 12/31/2018 $360,000 awarded pred Fair Value 12/31/2017 $375,000 Fair value 12/31/2017 $ 48,000 $ 47,000 $ 44,000 Fair Value 12/31/2017 $130,500 DEF Co. Bonds GEH Inc. Bonds IJK Inc. Bonds Available for sale Securities: LMN Co. Bonds Fair Value 12/31/2018 $400,000 Fair Value 12/31/2018 $ 59,500 $ 77,000 $ 38,500 Fair Value 12/31/2018 $150,400 Cost $ 66,000 $ 39,000 $ 32,990 Cost $140,000 2140,000 What...
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