On January 1, 2019, Navy Marine Supplies purchased a Government of Canada bond at par for $30,000.
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Requirement a. At what value should Navy report the bonds on its December 31, 2019, balance sheet? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Navy should report the available-for-sale bond at S on its December 31, 2019, balance sheet Requirement b. How much income or loss should Navy report in 2019 in relation to this bond? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Navy should reports of income on its 2019 income statement from the available-for-sale bond. Requirement c. How much other comprehensive income (loss) should Navy report for 2019 in relation to this bond? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Navy should report $ of OCI for 2019 in relation to this available-for-sale bond. much OCI should Navy report for 2020 in relation to this bond? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Requirement d. How Navy should report $ of OCI for 2020 in relation to this available-for-sale bond. Requirement e. How much is accumulated other comprehensive income (loss) on the balance sheet on December 31, 2020? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Accumulated OCI will amount to $ on the balance sheet on December 31, 2020. Requirement a. At what value should Navy report the bonds on its December 31, 2019, balance sheet? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Navy should report the available-for-sale bond at S on its December 31, 2019, balance sheet Requirement b. How much income or loss should Navy report in 2019 in relation to this bond? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Navy should reports of income on its 2019 income statement from the available-for-sale bond. Requirement c. How much other comprehensive income (loss) should Navy report for 2019 in relation to this bond? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Navy should report $ of OCI for 2019 in relation to this available-for-sale bond. much OCI should Navy report for 2020 in relation to this bond? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Requirement d. How Navy should report $ of OCI for 2020 in relation to this available-for-sale bond. Requirement e. How much is accumulated other comprehensive income (loss) on the balance sheet on December 31, 2020? (Enter a loss with a minus sign or parentheses, and enter a "0" for any zero balances.) Accumulated OCI will amount to $ on the balance sheet on December 31, 2020.
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