Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 saved On 1/1/2019 BY company purchased 3000 bonds of Arab Bank the par value per bonds OMR65, bonds bearing interest 11% is payable each

image text in transcribed
2 saved On 1/1/2019 BY company purchased 3000 bonds of Arab Bank the par value per bonds OMR65, bonds bearing interest 11% is payable each July. 1 & Dec 31. The bonds mature Dec. 2019. On 31/12/2019 the fair value of bonds amounted to OMR 215000. The company should record: out of Select one: a. fair value adjustment credit OMR20000 b. unrealized gain OMR20000 c. Realized gain OMR 20000 d. None of the options . ous page Next pas

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Solitary Auditor

Authors: Michael Knapp

1st Edition

161163878X, 978-1611638783

More Books

Students also viewed these Accounting questions

Question

Identify the cavities within the axial portion of the body.

Answered: 1 week ago

Question

=+c. Calculate the average returns for portfolios AB, AC, and BC.

Answered: 1 week ago

Question

=+Show that all periodic functions have distributions.

Answered: 1 week ago

Question

What is Larmors formula? Explain with a suitable example.

Answered: 1 week ago

Question

Discuss the five steps that can be used to conduct a task analysis

Answered: 1 week ago

Question

Discuss the purpose and advantages of conducting a needs assessment

Answered: 1 week ago