Question: ents Assignment ( i ) following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2 0 2 4 . The company ys

ents Assignment (i)
following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2024. The company ys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturit it to have them available for sale in years when circumstances warrant. Ornamental's fiscal year ends on December 31. No vestments were held by Ornamental on December 31,2023.
March 31 Acquired 6% Distribution Transformers Corporation bonds costing $540,600 at face value.
September 1 Acquired $1,110,000 of American Instruments' 8% bonds at face value.
September 30 Recelved semiannual interest payment on the Distribution Transformers bonds.
October 2 Sold the Distribution Transformers bonds for $579,000.
November 1 Purchased $1,560,000 of Ments Assignment (i)
following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2024. The company ys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturit it to have them available for sale in years when circumstances warrant. Ornamental's fiscal year ends on December 31. No vestments were held by Ornamental on December 31,2023.
March 31 Acquired 6% Distribution Transformers Corporation bonds costing $540,600 at face value.
September 1 Acquired $1,110,000 of American Instruments' 8% bonds at face value.
September 30 Recelved semiannual interest payment on the Distribution Transformers bonds.
October 2 Sold the Distribution Transformers bonds for $579,000.
November 1 Purchased $1,560,000 of M

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