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Blackboard Remaining Time: hour, 59 minutes, 25 seconds. Question Completion Status: Path:p Words:0 QUESTION 2 22 points Save Answer Liwa Investment Corporation purchased AL-Ain bonds
Blackboard Remaining Time: hour, 59 minutes, 25 seconds. Question Completion Status: Path:p Words:0 QUESTION 2 22 points Save Answer Liwa Investment Corporation purchased AL-Ain bonds at for AED 140,000 on July 21, 2019. At December 31, 2019 the bonds had a fair value of AED 160,000. On April 7, 2020 the company sold the bonds for AED 154,000. The company classifies the securities as available for sale securities Instructions: 1- 1-Record the journal entry on July 21, 2019 (2 marks): 2- 2-Record the journal entry on December 31, 2019 (4 marks): Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close Window Save and Submit Blackboard Remaining Time: hour, 59 minutes, 19 seconds. Question Completion Status: 3- 3-Calculate the following: A- The fair value adjustment balance please write if it is debit or credit balance) on 31/12/2019 (2 marks) = B- The unrealized gain/loss that will be reported in the net income (2 marks) 4- 4-Record the journal entries on April 7, 2020 (12 marks) Arial 3 (12pt) A : Paragraph % DOO == . O fx Mashups - 1 HTML CSS Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close Window Save and Submit
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