Business, 23.04.2020 21:54 dthompson365
On December 31, Year 1, Ott Co. had investments in marketable debt securities as follows: Cost Market value Mann Co. $10,000 $8,000 Kemo, Inc. $9,000 $10,000 Fenn Corp. $11,000 $9,000 $30,000 $27,000 The Mann investment is classified as held-to-maturity, while the remaining securities are classified as available-for-sale. Ott does not elect the fair value option for reporting financial assets. Ott's December 31, Year 1, balance sheet should report total marketable debt securities as:
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On December 31, Year 1, Ott Co. had investments in marketable debt securities as follows: Cost Marke...
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