Answer any Five of the following. All Carry equal marks 15 x 7 = 35 Marks Question-3: Robinson Company purchased 650,000 of 8 percent bonds of Exermastes Corporation on January 1, 2015, at a discount, paying 599,807. The bonds mature January 1, 2020, and yield 10 percent; interest is payable each July 1 and January 1. a) Robinson records the investment as follows: January 1, 2015 b) Robinson Company records the receipt of the first semiannual interest payment on July 1, 2015 c) Because Robinson is on a calendar-year basis, it accrues interest and amortizes the discount at December 31, 2015 d) To apply the fair value approach, Robinson determines that, due to a decrease in interest rates, the fair value of the debt investment increased to 617,500 at December 31, 2015 e) At December 31, 2016, assume that the fair value of the Execmaster debt investment is 611,000