Question
Years ago, investor had purchased a debt security of Investee and had classified it as Held-to-Maturity. Investor earned $1,000 in interest revenue from this investment
Years ago, investor had purchased a debt security of Investee and had classified it as Held-to-Maturity. Investor earned $1,000 in interest revenue from this investment in 2019. At the end of 2019, the amortized cost of this investment was $95,000 and its fair value was $97,000.
What should be the carrying value of this investment on Investors 2019 Balance Sheet?
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
