Chapter 17 assignments and solutions

Chapter 17 assignments and solutions - 8,264.52 509,090.23...

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Chapter 17 Homework Solutions EXERCISE 17-1 (a) 1 (b) 2 (c) 1 (d) 2 (e) 3 (f) 2 EXERCISE 17-3 (a) January 1, 2009 Held-to-Maturity Securities. ............................... 537,907.40 Cash. ............................................................. 537,907.40 (b) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method 12% Bonds Sold to Yield 10% Date Cash Received Interest Revenue Premium Amortized Carrying Amount of Bonds 1/1/09 $537,907.40 12/31/09 $60,000 $53,790.74 $6,209.26 531,698.14 12/31/10 60,000 53,169.81 6,830.19 524,867.95 12/31/11 60,000 52,486.80 7,513.20 517,354.75 12/31/12 60,000 51,735.48
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Unformatted text preview: 8,264.52 509,090.23 12/31/13 60,000 50,909.77* * 9,090.23 500,000.00 *Rounded by 75. EXERCISE 17-6 (a) Securities Fair Value Adjustment (Trading). ................................................................ 3,000 Unrealized Holding Gain or Loss Income. ............................................................ 3,000 (b) Securities Fair Value Adjustment (Available-for-Sale). ............................................... 3,000 Unrealized Holding Gain or Loss Equity. ............................................................. 3,000 (...
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This note was uploaded on 03/31/2011 for the course ACC 305 taught by Professor Regoro during the Spring '10 term at University of Dayton.

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Chapter 17 assignments and solutions - 8,264.52 509,090.23...

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