(SOLVED) Kouchibouguac Inc reports the following costs

and fair values for

Kouchibouguac Inc reports the following costs and fair values for Kouchibouguac Inc. reports
the following costs and fair values for its trading investment portfolio of multiple years at June
30: Instructions Prepare the required adjusting entry to report the investment portfolio at its fair
value at June 30 of each […]

Matthews Ltd purchased 700 000 of 10 year 10 bonds on July Matthews Ltd. purchased
$700,000 of 10-year, 10% bonds on July 1, 2012, at 106.5. The purchase price was based on a
market interest rate of 9%. Interest is received semi-annually on January 1 and July 1. The
bonds […]

On August 1 2012 McLellan Ltd purchased 1 000 Datawave common On August 1, 2012,
McLellan Ltd. purchased 1,000 Datawave common shares for $45,000 cash with the intention of
trading the shares. On December 31, 2012, McLellan’s year end, the shares’ fair value was
$49,000. Prepare the journal entry to […]

Using the data presented in BE12 2 assume that Columbia Ltd Using the data presented in
BE12-2, assume that Columbia Ltd. intended to hold the investment until it matures. Prepare
the journal entries to record (a) The purchase of the bonds on January 1, (b) The receipt of the
interest […]

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On January 1 2012 Columbia Ltd purchased 200 000 of 10 On January 1, 2012, Columbia Ltd.
purchased $200,000 of 10%, 10-year bonds at face value (100) with the intention of selling the
bonds early next year. Interest is received semi-annually on July 1 and January 1. At December
31, […]

On June 30 150 000 of five year 10 Plaza bonds are On June 30, $150,000 of five-year, 10%
Plaza bonds are issued at $138,960 to yield a market interest rate of 12%. Interest is payable
semi-annually each June 30 and December 31. (a) Record the purchase of these bonds […]

Brookfield Asset Management Inc a publicly traded company reported in Brookfield Asset
Management Inc., a publicly traded company, reported in note 8 to its financial statements for
the year ended December 31, 2010, the following information: purchases of investments in
associates: $1,738 million; share of profit of associates: $765 million; […]

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