Which option is correct. A, B, C, or D
Homework Answers
Ans :The correct option for the answer is option B i.e. $4,300,000 and $ 1,800,000
Loss on investments= 6,100,000-4,300,000
= $1,800,000 or 1.8 million
Investment in municipal bonds 4,300,000
Add Answer to:
Which option is correct. A, B, C, or D
In 2019, Osgood Corporation purchased $6.1 million...
Sdve A In 2019, Osgood Corporation purchased $7.9 million worth of 10-year municipal bonds at face...
Sdve A In 2019, Osgood Corporation purchased $7.9 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,800,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following Income statement Investment in bonds (TS) S 3,800,000 3,800,000 7,900,000 $ loss on investments 0 $ 4,100,000 4,100,000 0 a $ b C. d. Option a...
In 2019, Osgood Corporation purchased $8.2 million worth of 10-year municipal bonds at face value. On...
In 2019, Osgood Corporation purchased $8.2 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,200,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following: Income statement loss on investments o jo Investment in bonds (TS) $3,200,000 $3,200,000 $8,200,000 $8,200,000 $5,000,000 $5,000,000
I.1) Dicker Furriers purchased 1,000 bonds of Loose Corporation on January 10, 2020, for $800 per...
I.1) Dicker Furriers purchased 1,000 bonds of Loose Corporation on January 10, 2020, for $800 per bond and classified the investment as securities available-for-sale. Loose's market value was $400 per bond on December 31, 2020, and the decline was due to a noncredit loss. As of December 31, 2021, Dicker still owned the Loose bonds whose market value had declined to $100 per bond. The additional decline is due to a credit loss of $300 per bond. Dicker does not...
The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
Question 10 (1 point) Which category of securities is presented on the balance sheet at amortized...
Question 10 (1 point) Which category of securities is presented on the balance sheet at amortized cost? Securities available for sale. Equity investments of less than 20 percent ownership Held-to-maturity securities. Trading securities Question 11 (1 point) Goofy Inc. bought a sizeable amount of Crazy Co.'s bonds for $150,000 on May 5. 2017, and classified the investment as available for sale. The market value of the bonds declined to $118.000 by December 31, 2017. Goofy reclassified this investment as trading...
The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The...
Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. Held-to-Maturity Securities: ABC Co. Bonds Fair Value 12/31/2020 $388,000 Fair Value 12/31/2021 $413,000 Amortized Cost 12/31/2020 $380,500 Amortized cost 12/31/2021 $373,000 Trading Securities: DEF Co. Bonds GEH Inc. Bonds IJK Inc. Bonds Fair Value 12/31/2020 $ 58,000 $ 60,000 $ 57,000 Fair Value 12/31/2021 $ 69,000 $ 96,300...
The following Tarjee Corporation transactions are for bonds that were purchased as a held for trading...
The following Tarjee Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb. 1 Purchased $250,000 of Leslye Corporation 3% bonds at 105 (this means 105% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold $100,000 of the Leslye bonds at 102. Dec. 31 Accrued interest on the...
The following Vermillion Corporation transactions are for bonds that were purchased as a held for trading...
The following Vermillion Corporation transactions are for bonds
that were purchased as a held for trading investment for the year
ended December 31, 2018:
A) Fill in the blanks below.
B) Show how the investment would be presented on the statement
of financial position at December 31, 2018.
(C) Determine the balance in each of the income statement
accounts that are affected in the transactions above and indicate
how they would be presented on the income statement for the year...
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...
Sdve A In 2019, Osgood Corporation purchased $7.9 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,800,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following Income statement Investment in bonds (TS) S 3,800,000 3,800,000 7,900,000 $ loss on investments 0 $ 4,100,000 4,100,000 0 a $ b C. d. Option a...
In 2019, Osgood Corporation purchased $8.2 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,200,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following: Income statement loss on investments o jo Investment in bonds (TS) $3,200,000 $3,200,000 $8,200,000 $8,200,000 $5,000,000 $5,000,000
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
Question 10 (1 point) Which category of securities is presented on the balance sheet at amortized cost? Securities available for sale. Equity investments of less than 20 percent ownership Held-to-maturity securities. Trading securities Question 11 (1 point) Goofy Inc. bought a sizeable amount of Crazy Co.'s bonds for $150,000 on May 5. 2017, and classified the investment as available for sale. The market value of the bonds declined to $118.000 by December 31, 2017. Goofy reclassified this investment as trading...
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. Held-to-Maturity Securities: ABC Co. Bonds Fair Value 12/31/2020 $388,000 Fair Value 12/31/2021 $413,000 Amortized Cost 12/31/2020 $380,500 Amortized cost 12/31/2021 $373,000 Trading Securities: DEF Co. Bonds GEH Inc. Bonds IJK Inc. Bonds Fair Value 12/31/2020 $ 58,000 $ 60,000 $ 57,000 Fair Value 12/31/2021 $ 69,000 $ 96,300...
The following Tarjee Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb. 1 Purchased $250,000 of Leslye Corporation 3% bonds at 105 (this means 105% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold $100,000 of the Leslye bonds at 102. Dec. 31 Accrued interest on the...
The following Vermillion Corporation transactions are for bonds
that were purchased as a held for trading investment for the year
ended December 31, 2018:
A) Fill in the blanks below.
B) Show how the investment would be presented on the statement
of financial position at December 31, 2018.
(C) Determine the balance in each of the income statement
accounts that are affected in the transactions above and indicate
how they would be presented on the income statement for the year...
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...
Most questions answered within 3 hours.
-
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 1 hour ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 1 hour ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 2 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 2 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 2 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 2 hours ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 2 hours ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 2 hours ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 2 hours ago -
How does over-voltage of the diode usually occur?
asked 2 hours ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 2 hours ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 2 hours ago