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00:42:53 Held-to-Maturity Securities: ABC Co. Bonds Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains
00:42:53 Held-to-Maturity Securities: ABC Co. Bonds Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. Trading Securities: DEF Co. Bonds GEH Inc. Bonds IJK Inc. Bonds Available-for-Sale Securities: LMN Co. Bonds Fair Value 12/31/2020 $389,000 Fair Value 12/31/2020 $ 59,000 $ 61,000 $ 58,000 Fair Value 12/31/2020 $153,400 Fair Value 12/31/2021 $414,000 Fair Value 12/31/2021 $ 70,000 $ 91,000 $ 52,500 Fair Value: 12/31/2021 $166,700 Amortized Cost 12/31/2020 $381,500 Cost $ 75,400 $ 53,000 $ 46,900 Cost $154,000 Amortized Cost 12/31/2021 $374,000 Help What balance sheet amount would Beresford report for the total of its investments in bonds at 12/31/2020? Save & Exit
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