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Question 8 1 pts Rouge Inc has a December 31, Year end and purchased bonds of Maroon Co on January 1, Year 1 at par
Question 8 1 pts Rouge Inc has a December 31, Year end and purchased bonds of Maroon Co on January 1, Year 1 at par for $10,000. These bonds have a coupon rate of 5% and mature in 4 years. Rouge has classified its investment in Maroon at amortized cost and has provided the following details: Fair value of Date investment January 1, Year 1 $10,000 July 1, Year 1 $12,000 December 31, Year 1 $11,500 July 1, Year 2 $10,500 December 31, Year 2 $12,500 What amount will be reported in Rouge's Year 2 year-end balance sheet in relation to this investment? Question 9 1 pts Rouge Inc has a December 31, Year end and purchased bonds of Maroon Co on January 1, Year 1 at par for $10,000. These bonds have a coupon rate of 5% and mature in 4 years. Rouge has classified its investment in Maroon at FVPL and has provided the following details: Fair value of Date investment January 1, Year 1 $10,000 July 1, Year 1 $12,000 December 31, Year 1 $11,500 July 1, Year 2 $10,500 December 31, Year 2 $12,500 What amount will be reported in Rouge's Year 2 year-end balance sheet in relation to this investment
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