Homework Answers
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1 |
Net income on the income statement was Decrease by $25000 |
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Unrealized loss = amortized cost-fair value |
675000-650000 |
$25000 |
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2 |
The impact of this investment on the 2020 balance sheet was |
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No impact |
to assets |
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No impact |
to liabilities |
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No impact |
to equity |
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|
Because of investment of bond are taken from cash |
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|
Investment in Bonds |
$675000 |
|||
|
Cash |
$675000 |
|||
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