On January 1,2017,a company paid $100,000 to purchase 100 Government of Canada bonds that mature on December 31,2021 and pay interest at 5%.At December 31,2017,the bonds had a quoted price of $1,022 per bond.
Fill in the attached table assuming
a.Classified at fair value through profit or loss
b.Classified at fair value through other comprehensive income
c.Classified at amortized cost

Question

Quizplus · Accepted Answer

The Answer of On January 1,2017,a company paid $100,000 to purchase 100 Government of Canada bonds that mature on December 31,2021 and pay interest at 5%.At December 31,2017,the bonds had a quoted price of $1,022 per bond.
Fill in the attached table assuming
a.Classified at fair value through profit or loss
b.Classified at fair value through other comprehensive income
c.Classified at amortized cost

On January 1,2017,a Company Paid $100,000 to Purchase 100 Government