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fast please Status Case No. 2 (6.marks) Read the following case and then use your knowledge, skills and critical thinking to answer the questions below
fast please
Status Case No. 2 (6.marks) Read the following case and then use your knowledge, skills and critical thinking to answer the questions below You are hired to work as an accountant at African Company which has an active trading strategy for dettements Arican Company engaged in purchasing and investments to make profits On December 31, 2018 the company had 3 investments as follows Egypban Company Bonds, the amortized cost is $310,000 Tunisia Company 8% Bonds, the amortized cost is $525,000 Morocco Company 8% Bonds, the amortized cost is $415,000 it the market values of Egyptian Company, Tunisia Company, and Morocco Company date ovestments on December 31, 2016, were $30,000 $339,000 $40.000 mpectively Required 1: Prepare the debt investments portfolio for Arican Company on December 31, 2018, and properto the use andy cn cm? Required 2: Assume that African Company solid Tunisia Company 8% Bonds on April 1, 2019 for $519 000 at that time the moned.cort was $521.000. Prepare the prurnal only cout the transaction Required 3: If the market values of Egyptian Company, and Morocco Company debt investments on December 31, 2010, wora 5305.000 $40.000 espect and the motions at the were $308,000, 402,000, respectively How much the balance of debt investments should be reported on the statement of francia position on December 31, 2019 Status Case No. 2 (6.marks) Read the following case and then use your knowledge, skills and critical thinking to answer the questions below You are hired to work as an accountant at African Company which has an active trading strategy for dettements Arican Company engaged in purchasing and investments to make profits On December 31, 2018 the company had 3 investments as follows Egypban Company Bonds, the amortized cost is $310,000 Tunisia Company 8% Bonds, the amortized cost is $525,000 Morocco Company 8% Bonds, the amortized cost is $415,000 it the market values of Egyptian Company, Tunisia Company, and Morocco Company date ovestments on December 31, 2016, were $30,000 $339,000 $40.000 mpectively Required 1: Prepare the debt investments portfolio for Arican Company on December 31, 2018, and properto the use andy cn cm? Required 2: Assume that African Company solid Tunisia Company 8% Bonds on April 1, 2019 for $519 000 at that time the moned.cort was $521.000. Prepare the prurnal only cout the transaction Required 3: If the market values of Egyptian Company, and Morocco Company debt investments on December 31, 2010, wora 5305.000 $40.000 espect and the motions at the were $308,000, 402,000, respectively How much the balance of debt investments should be reported on the statement of francia position on December 31, 2019 Step by Step Solution
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