On April 1, 2020 Niger Company purchased 8,000, P1,000, 12% bonds of Nigeria Corporation at 95...
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On April 1, 2020 Niger Company purchased 8,000, P1,000, 12% bonds of Nigeria Corporation at 95 plus accrued interest. The bonds were held for trading. Interest is payable March 1 and September 1. On October 1, 2020, Niger sold 2,000 of the Nigeria bonds at 105 excluding accrued interest. On December 31, 2020, the market value of the Nigeria bonds is 90. What is the Unrealized loss - TS on 12/31/2020? On April 1, 2020 Niger Company purchased 8,000, P1,000, 12% bonds of Nigeria Corporation at 95 plus accrued interest. The bonds were held for trading. Interest is payable March 1 and September 1. On October 1, 2020, Niger sold 2,000 of the Nigeria bonds at 105 excluding accrued interest. On December 31, 2020, the market value of the Nigeria bonds is 90. What is the Unrealized loss - TS on 12/31/2020?
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To calculate the Unrealized Loss Trading Securities on December 31 2020 we need to determine the dif... View the full answer
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
Posted Date:
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