Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, 2019, a company's balance sheet repo

On January 1, 2019, a company's balance sheet reports its investments in debt securities as follows:...

80.2K

Verified Solution

Question

Accounting

On January 1, 2019, a company's balance sheet reports itsinvestments in debt securities as follows: Assets Investment in HTMsecurities..... $207,544 Supporting information: The HTM securitiesare $200,000 face value securities purchased on January 1, 2017, ata yield of 4%. The securities have a 4-year total life and payinterest annually on December 31, at a coupon rate of 6%. Q:Investment in HTM securities reported on the December 31, 2019balance sheet is: a. $203,846 b. $204,938 c. $207,544 d.$207,997

Answer & Explanation Solved by verified expert
4.3 Ratings (541 Votes)
Held to Maturity securities are the securities held by the entry with the intention to retain it till its maturity It is recorded at the cost and a each balance sheet it is shown at the amortised cost Any discount or premium paid at the time    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

A 1.50-kg block is on a frictionless, 30 degrees inclined plane. The block is attached to...

Algebra
1.2K views

Exit Ticket 14 1 Which of the following expressions is equivalent to 2 2x 10...

Algebra
1.2K views

62 of the freshmen like both rap and classical but don t like jazz 29...

Accounting
1.2K views

Please do this immediately a What is a gyre? How many large gyres...

Accounting
1.2K views

Examine the shortcomings of GDP in measuring a countrys economic health?

Accounting
1.2K views

Problem 5-19A Effect of different inventory cost flow methods on financial statements The...

Accounting
1.2K views

. An internal auditor found that employee time cards in one department are not properly...

Accounting
1.2K views

Use the information below to answer the questions that follow: Number of Units Price...

Accounting
1.2K views

On July 15, 2018, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for...

Finance
1.2K views

Which of the following is NOT a form of payout (i.e. returning profits) to shareholders?...

Finance
1.2K views

A criticism of managed float exchange rate systems is that governments may manipulate the currencies....

Finance
1.2K views

Please show all work and no excel if possible 3) Let's assume we...