Question
Below is information for Suwadu Company that you'll use for the next questions: Date 6/1/YR 1 9/1/YR 1 9/30/YR 1 12/31/ YR 1 1/5/YR
Below is information for Suwadu Company that you'll use for the next questions: Date 6/1/YR 1 9/1/YR 1 9/30/YR 1 12/31/ YR 1 1/5/YR 2 Activity Purchased $200,000 of Catco Company's 9% bonds at face value (doesn't plan to hold bonds for short-term gain, but also not until maturity) As Purchased $300,000 of Sloth Co.'s 6% bonds at face value (plans to hold bonds for short-term gain) Fair value of bonds as 9/30 YR 1; updated for third quarter Q3: $202,000 Catco Company bonds $290,000 Sloth Co. bonds Fair value of bonds as 12/31 YR 1; updated for fourth quarter Q4: $205,000 Catco Company bonds $302,000 Sloth Co. bonds Sale of Catco bonds for $204,000
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