Th e carrying value reported on the balance sheet of Topmakers investment in Blancas debt securities at

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Th e carrying value reported on the balance sheet of Topmaker’s investment in Blanca’s debt securities at December 31, 2018 is:

A. $10,940,000.

B. $11,000,000.

C. $12,000,000.

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International Financial Statement Analysis Workbook

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Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie

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Th e carrying value reported on the balance sheet of Topmakers investment in Blancas debt securities at

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A is correct Because the investment is designated as amortized cost it is reported at the ...View the full answer

International Financial Statement Analysis Workbook

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