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no picture is missing. please solve it.. please Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of

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Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost. The following table provides additional information about these investments, B (Click the icon to view the investment data.) Required Requirement a. Determine the investment cost of the three investments on January 1, 2017 (Use a financial calculator to compute the amount required to purchase the bonds. Enter your final answer as a positive number and round to the nearest whole dollar) Short-term Medium-term government bonds government bonds Corporate bonds Cost of bonds on Jan. 1. 2017 Requirement b. Prepare amortization schedules for the medium-term government bonds and the corporate bonds (Round all amounts to the nearest whole dollar) Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017 management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments, (Click the icon to view the investment data.) Required Cost of bonds on Jan 1, 2017 Requirement b. Prepare amortization schedules for the medium-term government bonds and the corporate bonds (Round all amounts to the nearest whole dollar) Begin by preparing an amortization schedule for the mid-term government bonds. Medium-term government bonds Interest Coupon Beginning of year amortized cost End of year Dec 31 + yield payment amortized cost 2017 2018 no NO T Sprinkle Corp is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017 management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments Click the icon to view the investment data) Required Interest Coupon End of year Beginning of year amortized cost Dec 31 yield payment amortized cost 2017 2018 2019 2020 2021 Now prepare an amortization schedule for the corporate bonds, Camarata handa up Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments B Click the icon to view the investment data) Required Now prepare an amortization schedule for the corporate bonds. Corporate bonds Interest End of year Beginning of year amortized cost Dec 31 Coupon payment yield amortized cost 2017 2018 2019 2020 2021 Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017 management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments. B (Click the icon to view the investment data.) Required We Requirement c. For each of the three investments, determine the following amounts for each fiscal year. (1) balance sheet asset, (2) income; (3) other comprehensive income (OCI); and (4) accumulated other comprehensive income component of equity (1) Begin with the balance sheet asset amount for each of the three investments Short-term Medium-term government government bonds bonds Corporate bonds (Amortized Cost) (FVOCI (FVOCD) (1) Balance Sheet Asset 2017 Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments. Click the icon to view the investment data) Required government government bonds bonds (Amortized Cost) Corporate bonds (FVOCI (FVOCI) (1) Balance Sheet Asset 2017 2018 2019 2020 2021 Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost) The following table provides additional information about these investments. B! Click the icon to view the investment data.) Required (2) For each of the three investments, determine the income amount for each fiscal year Short-term Medium-term government bonds government bonds (Amortized cost) Corporate bonds (FVOCI (FVOCI) (2) Income 2017 2018 2019 2020 Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $ 15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments Click the icon to view the investment data.) Required ZU 2018 2019 2020 2021 (3) For each of the three investments, determine the effect on other comprehensive income (OCI) for each fiscal year (Enter a "0" in the appropriate input cell if OCI in unaffected. Use a minus sign or parentheses to show a decrease in OCI Short-term Medium-term government bonds government bonds Corporate bonds Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments (Click the icon to view the investment data.) Required bonds bonds (Amortized cost) Corporate bonds (FVOCI) (FVOCI) (3) OCI 2017 2018 2019 2020 2021 Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments (Click the icon to view the investment data) Required (4) Show the balance of the accumulated other comprehensive income component of equity for each of the three investments at the end of each fiscal year. (Enter a "0" in the appropriate input cell for any zero-balances. Use a minus sign or parentheses to show a cumulative loss in OCI.) Short-term Medium-term government government bonds bonds (Amortized cost) Corporate bonds (FVOCI) (FVOCI) (4) Accumulated OCl component of equity 2014 2015 Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost) The following table provides additional information about these investments, B Click the icon to view the investment data.) Required w Short-term Nedium-term government government D bonds bonds Corporate bonds KAVOC) (FVOC) (Amortized cost) (4) Accumulated OCI component of equity 2014 2015 2016 2017 2018 Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost) The following table provides additional information about these investments. Click the icon to view the investment data.) Required Requirement d. Had Sprinkle classified the medium-term government bonds and the corporate bonds as amortized cost financial assets, how much would have been the total amount of income over the five years for each of the type of bonds? Medium-term government bonds Corporate bonds (Amortized cost) (Amortized cost) Cumulative income 2017-2021 Requirement e. Had Sprinkle classified the medium-term government bonds and the corporate bonds as FVPL financial assets, how much would have been the total amount of income over the five years for each of the type of bonds? What would be different under this scenario? Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017 management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments. (Click the icon to view the investment data) Required Begin by showing how much the total amount of income over the five years would have been for each type of bond had Sprinkle classified the medium-term government bonds and the corporate bonds as FVPL financial assets Medium-term 1: government bonds (FVPL) Corporate bonds (EMPL) Cumulative income 2017-2021 What would be different under this scenario? Sprinkle Corp. is a small public company with a December 31 fiscal year-end. At the end of 2016, the company had $15 million of excess cash. The board of directors decided that the company should hold the funds until the right business opportunity appeared, rather than pay out the funds to its shareholders and then have to issue shares to obtain the financing later. The board directed management to invest the funds in a diversified portfolio of debt instruments. As a result, on January 1, 2017, management purchased $5 million of short-term government bonds, $5 million of medium-term government bonds, and $5 million of high-quality corporate bonds. (The amounts are face values, not investment cost.) The following table provides additional information about these investments B (Click the icon to view the investment data.) Required UVITUO UPORATUURT (FVPL) (FVPL) Cumulative income 2017-2021 What would be different under this scenario? O A. The balance sheet asset would be reported at historical cost instead of at fair value, and the amounts shown as OCI in requirement c would instead be reported through income. OB. The balance sheet asset would be reported at historical cost instead of at fair value. O C. The amounts shown as OCI in requirement c would instead be reported through income. D. There would be no differences in any of the balance sheet income and/or annual effect on OCl amounts currently shown in requirement c. Investment data Medium-term Short-term government government bonds bonds $5,000,000 $5,000,000 Corporate bonds Face value $5,000,000 Coupon rate Yield 4% 5% 10% 4% 2% 12% Jan. 1. 2019 Jan 1, 2022 Jan 1, 2022 Annual Annual Annual Amortized cost FVOCI FVOCI Maturity Interest frequency Accounting classification Investment cost Market value, Dec. 31, 2017 Market value, Dec. 31. 2018 Market value Dec 31 ? ? 2 $ 4.700,000 $ 5.700,000 $4,600,000 TI TE $ 5,000,000 $ 5,640,000 $ 4.700,000 T T s! Print Done 7 Investment data Yield 4% 2% 12% Jan 1, 2022 Jan 1, 2022 Jan 1, 2019 Annual Annual Annual Amortized cost FVOCI FYOCI ? ? ? $ 4,700,000 $ Maturity Interest frequency Accounting classification Investment cost Market value, Dec. 31, 2017 Market value, Dec. 31. 2018 Market value. Dec. 31. 2019 Market value, Dec. 31, 2020 Market value, Dec. 31, 2021 5,700,000 $ 4,600,000 $ 5,000,000 $ 5.640,000 $ 4,700,000 $ 5,580,000 $ 15,300,000 $ 5,560,000 $ 5,560,000 El in $ 5,000,000 $ 5.000.000 Print Done ext Required - a. Determine the investment cost of the three investments on January 1, 2017 b. Prepare amortization schedules for the medium-term government bonds and the corporate bonds. c. For each of the three investments, determine the following amounts for each fiscal year - balance sheet asset - income - other comprehensive income - accumulated other comprehensive income component of equity d. Had Sprinkle classified the medium-term government bonds and the corporate bonds as amortized cost financial assets, how much would have been the total amount of income over the five years for each of the type of bonds? e. Had Sprinkle classified the medium-term government bonds and the corporate bonds as FVPL financial assets, how much would have been the total amount of income over the five years for each of the type of bonds? What would be different under this scenario? vo ir Print Done

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