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A$1000 face value bond with a quoted price of 76 is selling for $760.$924.$76.$1000. A bond with a face value of $560000 and a quoted
A$1000 face value bond with a quoted price of 76 is selling for $760.$924.$76.$1000. A bond with a face value of $560000 and a quoted price of 102.125 has a selling price of $672630.$560630.$571270.$571900. Sunland Company acquires 71,9%,5 year, $1000 Community bonds on January 1,2020 for $71000. The journal entry to record this investment includes a debit to Debt Investments for $77390. Stock Investments for $71000. Debt Investments for $71000. Cash for $71000 On January 1, 2020, Sunland Corporation purchased 34% of the common stock outstanding of Wildhorse Corporation for $810000. During 2020, Wildhorse Corporation reported net income of $210000 and paid cash dividends of $90000. The balance of the Stock Investments-Wildhorse account on the books of Sunland Corporation at December 31, 2020 is $779400$810000$881400$850800 The balance in the Unrealized Gain or Loss-Equity account will appear on the statement of comprehensive income. appear on the balance sheet as a contra asset. appear on the income statement under Other Expenses and Losses appear in the stockholders' equity section of the balance sheet. At the end of the first year of operations, the total cost of the trading securities portfolio is $235000. Total fair value is $239500. The financial statements should show an addition to cost of the fair value adjustment and an unrealized gain of $4500 in "Other revenues and gains," on the income statement an unrealized gain of $4500 in the stockholders' equity section of the balance sheet. a realized gain of $4500 in the statement of comprehensive income. a realized gain of $4500 in "Other revenues and gains," on the income statement
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