Question: fast please Read the following case and use your knowledge, skills, and critical thinking to answer the questions below You work as CFO of Asian
Read the following case and use your knowledge, skills, and critical thinking to answer the questions below You work as CFO of Asian Company which has great amount of remaining cash You are working hard to provide your experience for investing the remaining cash You sogested that the best way to invest in purchasing the bonds of other companies known as debt investments because you believe that debt investments are se ocuro, and profitablement Required 1: You believe at the Asian Company must apply the amortized cost method to account for its purchase of debt investments, what crois must be mot to apply the montud con motor Required 2: Based on the information provided in the case above, can the Asian Company choose the fair valus option to account for this debt investment? yes, can the company change to apply the amortized cost method next year? it nobratly explain? Required 3 On January 1, 2019. Asian Company purchased 10,000 bonds of Bahrain Company, par ko 82,000,000,8% bonds at a pnce of $1,880,000 The interest is payable cachowy 1 and the bonds mature January 1, 2024 The debt investment will provide Asian Company at yold What is the journal entry to record the purchase of Bahrain Company debt investments Required 4 Based on the information provided in required 3, prepare a bond amortization schedule for the first 2 years? Required 5 What is the effect of previous transactions on thotemer of financial position on December 31, 20202 Required 6 Assume that Asian Company sold its investment in Ban Company on July 1, 2020, of 8 plus accrund interest prepare the journal entries to record this transaction Read the following case and use your knowledge, skills, and critical thinking to answer the questions below You work as CFO of Asian Company which has great amount of remaining cash You are working hard to provide your experience for investing the remaining cash You sogested that the best way to invest in purchasing the bonds of other companies known as debt investments because you believe that debt investments are se ocuro, and profitablement Required 1: You believe at the Asian Company must apply the amortized cost method to account for its purchase of debt investments, what crois must be mot to apply the montud con motor Required 2: Based on the information provided in the case above, can the Asian Company choose the fair valus option to account for this debt investment? yes, can the company change to apply the amortized cost method next year? it nobratly explain? Required 3 On January 1, 2019. Asian Company purchased 10,000 bonds of Bahrain Company, par ko 82,000,000,8% bonds at a pnce of $1,880,000 The interest is payable cachowy 1 and the bonds mature January 1, 2024 The debt investment will provide Asian Company at yold What is the journal entry to record the purchase of Bahrain Company debt investments Required 4 Based on the information provided in required 3, prepare a bond amortization schedule for the first 2 years? Required 5 What is the effect of previous transactions on thotemer of financial position on December 31, 20202 Required 6 Assume that Asian Company sold its investment in Ban Company on July 1, 2020, of 8 plus accrund interest prepare the journal entries to record this transaction
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