Confabulateds reported interest income would be lower if the cost was the same but the par value (in thousands) of:

Select one:

A. Cathay was 43,000.

B. Bugle was 23,000.

C. Dumas was 49,000.

Question 10 Complete Note: This question uses the same information as the previous question. Mark 0.00 out of 1.00 Burton Howard, CFA, is an equity analyst with Maplewood Securities. Howard is preparing a research report on Confabulated Materials, SA, a publicly traded company based in France that complies with IFRS. As part of his analysis, Howard has assembled data gathered from the financial statement footnotes of Confabulated's 2009 Annual Report and from discussions with company management. Howard is concerned about the effect of this information on Confabulated's future earnings. P Flag question Information about Confabulated's investment portfolio for the years ended 31 December 2008 and 2009 is presented in Exhibit 1. As part of his research, Howard is considering the possible effect on reported income of Confabulated's accounting classification for fixed income investments. EXHIBIT 1 Confabulated's Investment Portfolio ( Thousands) Characteristic Classification Bugle AGD FVOCI Cathay Corp Held-to- maturity Dumas s Held-to- maturity Cost* 24,000 39,000 49,000 Market value, 31 December 2008 29,000 38,000 54,000 Market value, 31 December 2009 28,000 37,000 55,000 *All securities were acquired at par value. None of the investee companies are in financial difficulty. Question 10 Complete Note: This question uses the same information as the previous question. Mark 0.00 out of 1.00 Burton Howard, CFA, is an equity analyst with Maplewood Securities. Howard is preparing a research report on Confabulated Materials, SA, a publicly traded company based in France that complies with IFRS. As part of his analysis, Howard has assembled data gathered from the financial statement footnotes of Confabulated's 2009 Annual Report and from discussions with company management. Howard is concerned about the effect of this information on Confabulated's future earnings. P Flag question Information about Confabulated's investment portfolio for the years ended 31 December 2008 and 2009 is presented in Exhibit 1. As part of his research, Howard is considering the possible effect on reported income of Confabulated's accounting classification for fixed income investments. EXHIBIT 1 Confabulated's Investment Portfolio ( Thousands) Characteristic Classification Bugle AGD FVOCI Cathay Corp Held-to- maturity Dumas s Held-to- maturity Cost* 24,000 39,000 49,000 Market value, 31 December 2008 29,000 38,000 54,000 Market value, 31 December 2009 28,000 37,000 55,000 *All securities were acquired at par value. None of the investee companies are in financial difficulty