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11 The following selected transactions relate to investment activities of Ornamental Insu lation Corporation during...

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Accounting

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11 The following selected transactions relate to investment activities of Ornamental Insu lation Corporation during 2018. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant. Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017 Mar 31 Acquired 5 Distribution Transformers Corporation bonds costing $410,000 at face value. 1 Acquired $915,000 of American Instruments' 8 bonds at face value

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