Help! I have trouble understanding how to arrive at the correct answer for the following question:
NATLA Inc. purchased several investments in debt securities during 2018, 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: |
Fair Value 12/31/2017 |
Fair Value 12/31/2018 |
Amortized Cost 12/31/2017 |
Amortized Cost 12/31/2018 |
|||||||||
ABC Co. Bonds |
$ |
375,000 |
$ |
400,000 |
$ |
367,500 |
$ |
360,000 |
|||||
Trading Securities: |
Fair Value 12/31/2017 |
Fair Value 12/31/2018 |
Cost |
||||||||||
DEF Co. Bonds |
$ |
48,000 |
$ |
59,500 |
$ |
66,000 |
|||||||
GEH Inc. Bonds |
$ |
47,000 |
$ |
77,000 |
$ |
39,000 |
|||||||
IJK Inc. Bonds |
$ |
44,000 |
$ |
38,500 |
$ |
32,900 |
|||||||
Available for Sale Securities: |
Fair Value 12/31/2017 |
Fair Value 12/31/2018 |
Cost |
||||||||||
LMN Co. Bonds |
$ |
130,500 |
$ |
150,400 |
$ |
140,000 |
|||||||
What would be the balance in NATLA’s accumulated other comprehensive income with respect to these investments in its 12/31/2019 balance sheet (ignore taxes)?
A) $55,100.
B) $26,500.
C) $10,400.
D) None of these answer choices are correct.
Note: can you please explain how to arrive at the correct answer “C”? Please provide your calculations and explanation on Word or Excel as handwriting is usually difficult to read. I would greatly appreciate it.
Help! I have trouble understanding how to arrive at the correct answer for the following question:...
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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Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations their fair values are not considered permanent Held-to-Maturity Fair Value Fair Value Amortized Cost Amortized Cost Securities: 12/31/2020 12/31/2021 12/31/2020 $380,500 12/31/2021 ABC Co. Bonds S 388.000 $413,000 $373.000 Fair Value Fair Value Trading Securities: 12/31/2020 S 58,000 S 80.000 S 57,000 12/31/2021 Cost S 74 400 S 52,000 S 45,900 S 69.000 S 90.000 S 51,500 DEF Co Bonds GEH Inc. Bonds IJK Inc....
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 $382,000 Fair Value 12/31/2021 $407,000 Amortized Cost 12/31/2020 $374,500 Amortized Cost 12/31/2021 $367,000 Trading Securities: DEF Co. Bonds GEH Inc. Bonds IJK Inc. Bonds Fair Value 12/31/2020 $ 52,000 $ 54,000 $ 51,000 Fair Value 12/31/2021 $ 63,000 $ 80,000...
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...
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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 Amortired Cost 12/31/2021 $375,000 Amortized Cost 12/31/2020 $380,500 Fair Value 12/31/2021 $413,000 Fair Value 12/31/2020 $388,000 Cost Held-to-Maturity Securities: ABC Co. Bonds $ 74,400 $ 52,000 $ 45,900 Fair Value Fair Value 12/31/2020 12/31/2021 $ 58,000 $ 69,000 $ 60,000 $ 96,300 $ 57,000 $ 51,500 Cost Trading...
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