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Question 17 (15 marks) On January 1, 2017, Langley Corporation has purchased the following bonds: -_ Investments Business model ransactions g: Dec 31 2017 0
Question 17 (15 marks) On January 1, 2017, Langley Corporation has purchased the following bonds: -_ Investments Business model ransactions g: Dec 31 2017 0 $5 million face value bond that pays interest at 6% when the market yield for bonds of equivalent risk and maturity was 5%. Langley intends to sell the - Interest is payable annually on Dec 31. bond for a rcfit 1: The bond matures on Dec 31, 2018. a $5 million face value bond that pays interest Langley intends to hold the at 7% when the market yield for bonds of bond to collect contractual equivalent risk and maturity was 5%. ash flow and sells them for 0 Interest is payable annually on Dec 31. Fl er Cor-oration . arofit o The bond matures on Dec 31, 2026. 0 $1 million face value bond that pays interest at 4% when the market yield for bonds of equivalent risk and maturity was 5%. Langley intends to hold the 0 Interest is payable semi-annually on Jun 30 and Dec 31. o The bond matures on Dec 31, 2022. Required: Complete the following table below. Show all calculations on the following page. Sherman Flyer Telly Balance Sheet (Dec 31, 2017) Statement of Comprehensive Income (Dec 31, 2017) Interest Revenue Unrealized gain(loss) on FVPL Total Recognized Income Unrealized gain(loss) on FVOCI Total comprehensive Income __
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