The following investment account was taken from the general ledger of One Dream Investment Company: Debt...
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The following investment account was taken from the general ledger of One Dream Investment Company: Debt Investments - Fulfiled Dream 6% bonds (2,000,000 face value, due December 31, 2027) Date PR Debit Credit Balance January 12. 2022 VR 01.912,300 P1,812,300 June 30, 2022 Dec. 31, 2022 Dec. 31, 2022 CRJ CRJ 60,000 1,752,300 60,000 1,892.300 195,000 1,497,300 in the course of your examination, you obtained the following information: • Interest checks were received on June 30 and December 31 and were credited to the investment account. • One dream sold P200,000 of its investment on December 31, 2022 for P195,000. • Effective interest rab: on this investment, as computed by your audit staff, is 8%. • One Dream included this investment in a portfolio that is held to collect and for sale. The fair value at December 31, 2022 and 2023 is 97.5 and 106, respectively. Question 14 Problem 3-One Dream Investment Company Question 2: How much is the amortization for 2023? Question 15 Problem 3-One Dream Investment Company Question 3: how much is the gain or loss on sale as of December 31, 2022? Question 16 Problem 3-One Dream Investment Company Question 4: The unrealized gain or loss for the year 2023 amounts to? 3.5 pts 3.5 pts 3.5 pts 1011 The following investment account was taken from the general ledger of One Dream Investment Company: Debt Investments - Fulfiled Dream 6% bonds (2,000,000 face value, due December 31, 2027) Date PR Debit Credit Balance January 12. 2022 VR 01.912,300 P1,812,300 June 30, 2022 Dec. 31, 2022 Dec. 31, 2022 CRJ CRJ 60,000 1,752,300 60,000 1,892.300 195,000 1,497,300 in the course of your examination, you obtained the following information: • Interest checks were received on June 30 and December 31 and were credited to the investment account. • One dream sold P200,000 of its investment on December 31, 2022 for P195,000. • Effective interest rab: on this investment, as computed by your audit staff, is 8%. • One Dream included this investment in a portfolio that is held to collect and for sale. The fair value at December 31, 2022 and 2023 is 97.5 and 106, respectively. Question 14 Problem 3-One Dream Investment Company Question 2: How much is the amortization for 2023? Question 15 Problem 3-One Dream Investment Company Question 3: how much is the gain or loss on sale as of December 31, 2022? Question 16 Problem 3-One Dream Investment Company Question 4: The unrealized gain or loss for the year 2023 amounts to? 3.5 pts 3.5 pts 3.5 pts 1011
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Question 13 The investment account balance as of December 31 2022 is P1497300 To correct the interes... View the full answer
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