Hinson 14-1 Investments and Securities

Hinson 14-1 Investments and Securities - $98,000,000 Net...

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Intermediate Accounting I Assignment 14-1 Investments and Securities Jamie Hinson April 7, 2008 Exercise 12-2 Nov. 1 Cash $2,400,000 Interest received $2,400,000 Record interest received Dec. 1 Investment in bond $30,000,000 Discount on bond investment $3,600,000 Cash (price pd) $26,400,000 Record purchase of bond Dec. 31 Cash $8,900,000 Investment revenue $8,900,000 Record revenue Exercise 12-7 Jan. 2 Investment $90,000,000 Cash $90,000,000 Record investment Fair value adjustment
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Unformatted text preview: $98,000,000 Net unrealized holding gains/losses $98,000,000\ Record fair value adjustment Exercise 12-8 2006 Dec. 17 Investment in shares $350,000 Cash $350,000 Record purchase of shares Dec. 28 Cash $2,000 Investment revenue $2,000 Record investment revenue 2007 Jan. 5 Cash $395,000 Investment in shares $350,000 Gain on sale of investments $45,000 Record sale of investments...
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This note was uploaded on 09/08/2010 for the course ACCOUNTING 320 taught by Professor Hickman during the Spring '10 term at Heidelberg.

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Hinson 14-1 Investments and Securities - $98,000,000 Net...

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