Randy Company invested in $100,000 9% bonds at January 1, 2019, the purchased price was at 92% when effective interest rate was 11%. The company received interest semiannually in July 1, and January 1 every year for 5 years If investment was classified as held for collection On Jan.1,2019 The debt investment is debited to

Answer 1 Choose... On July 1,2019, the interest income should be credited by

Answer 2 Choose... On Dec.31,2019, the interest receivable should be debited by Answer 3 Choose... On Dec.31,2019, the interest income should be credited by

Answer 4 Choose... the carrying value of investment on Dec.31,2019

Answer 5 Choose... On. Jan.5, 2021 was sold at 96% the gain on selling investment is

Answer 6 Choose... The Fair value of investment at Dec.31, 2020 was $96000 the unrealized gain /Loss should be journalized by

Answer 7 Choose... On Dec.31, 2021, the fair value of investment is $95000 the reduction in fair value resulted from reduction change in credit risk, impairment loss is

Answer 8 Choose... This debt investment held for collection is presented in financial position on

Answer 9 Choose... The gain or loss from selling debt investment is recorded in statement of