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hi, i need help with the following exercise! please help me solving it.. thanks 11-40 Short-Term Investments The VanDuzer Company has the following footnote to
hi, i need help with the following exercise! please help me solving it.. thanks
11-40 Short-Term Investments The VanDuzer Company has the following footnote to its financial statements: Note 4: Short-Term lnvestments The company holds the following short-term investments at December 31 (in thousands): Market Value Cost Trading securities $670,000 $680,000 U.S. government bonds Held tomaturity securities 540,000 560,000 Bonds issued by Beta Corp. Available-for-sale securities Common shares of Gamma Corp. 770,000 600,000 l. Compute the amount that VanDuzer would show on its balance sheet for short-term investments. 2. Suppose the market values of the three securities at the beginning of the year had been as follows (in thousands) U.S. government bonds $700,000 580,000 Bonds issued by Beta Corp. Common shares of Gamma Corp. 710,000 Prepare journal entries to recognize the changes in market values that would be recorded in VanDuzer's books at the end of the year
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