Grade Details Unit 9 Review

Grade Details Unit 9 Review - Unit 9 Investments(Mar 30 Apr...

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Unit 9: Investments (Mar 30 - Apr 5) Grade Details: Unit 9 Review Grade for Donna Semien: Unit 9 Review 1. Question: Which of the following categories of investments are reported at their fair values on the balance sheet and have unrealized holding gains and losses included as a separate component of stockholders' equity? Your Answer: held-to-maturity debt securities marketable securities available-for-sale securities CORRECT trading securities 2. Question: The Rolla Company purchased 10%, $800,000 bonds of the Batter Up Company at par plus accrued interest on April 1, 2010, as an investment in available-for-sale securities. The bonds pay interest on June 30 and December 31 each year. The entry by Rolla on April 1, 2010, would include a Your Answer: 3. Question: How is the premium or discount on held-to-maturity bond investments presented on the balance sheet? Your Answer: 4. Question: On January 1, 2010, New Company purchased $200,000 of 10-year 10% bonds of Old Company for $226,840. Interest is payable annually. The effective yield on the investment is 8%. What is the balance in New's investment in held-to-maturity bonds account (rounded to the nearest dollar, if necessary) at December 31, 2011? Your Answer: Page 1 of 7
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Unit 9: Investments (Mar 30 - Apr 5) Grade Details: Unit 9 Review 5. Question: All of the following statements regarding held-to-maturity debt securities are true except Your Answer: 6. Question: Permanent value declines in available-for-sale securities should be Your Answer: 7. Question: Which of the following disclosures is not required for investments in securities by current GAAP? Your Answer: 8.
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