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Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as non - strategic investments: 2
Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as nonstrategic investments:
Feb. Purchased common shares of Royal Bank at $ plus $ in transaction fees.
Purchased common shares of Imperial Oil at $ and paid $ in transaction fees.
Apr. Paid $ plus $ in transaction fees for a fouryear, $ Minco Inc. bond that pays interest quarterly beginning June The market rate of interest on this date was Sellers Corporation plans to hold this investment for the duration of the bonds contract life.
May Purchased common shares of BCE at $ plus $ in transaction fees.
June Received a $ per share cash dividend on the Royal Bank common shares.
Sold Royal Bank common shares at $
Received interest on the Minco Inc. bond.
Aug. Received a $ per share cash dividend on the Imperial Oil common shares.
Sept. Received a $ per share cash dividend on the remaining Royal Bank common shares.
Received interest on the Minco Inc. bond.
Dec. Received interest on the Minco Inc. bond.
On December the fair values of the investments held by Safety Development Corporation were: Royal Bank, $; Imperial Oil, $; and BCE, $ Assume the fair value and carrying value of the Minco Inc. bond were equal.
Required:
Prepare an amortization schedule for the Minco Inc. bond showing only Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.
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