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On July 1 , 2 0 2 6 , Tanner - UNF Corporation acquired as a long - term Investment $ 3 2 0 .
On July TannerUNF Corporation acquired as a longterm Investment $ million of bonds, dated July
Company management has the positive intent and ability to hold the bonds untill maturity. TannerUNF pald $ million
for the bonds. The company will recelve Interest semlannually on June and December As a result of changing
market conditions, the falr value of the bonds at December was $ million.
Required:
How will TannerUNF's investment in the bonds on July affect the financlal statements?
How will TannerUNF's recelpt of Interest on December affect the financlal statements?
At what amount will TannerUNF report its investment in the December balance sheet?
Suppose Moody's bond rating agency downgraded the risk rating of the bonds motlvating TannerUNF to sell the
Investment on January for $ million. How will the sale of the bond investment affect TannerUNF's
financlal statements?
Complete this question by entering your answers in the tabs below.
How will TannerUNF's receipt of interest on December affect the financial statements?
Note: Enter your answers in millions rounded to decimal place, ie should be entered as Amounts to be
deducted should be indicated by a minus sign.
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