What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2024 balance sheet (ignore taxes)? Multiple Choice O $593.200 $20,300 O $15.200 None of these answer choices are correct
What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2024 balance sheet (ignore taxes)? Multiple Choice O $593.200 $20,300 O $15.200 None of these answer choices are correct
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...
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![Beresford Incorporated purchased several investments in debt securities during 2023, its first year of operations. The following information
pertains to these securities. The fluctuations in their fair values are not considered permanent.
Held-to-Maturity Securities:
ABC Company Bonds
Trading Securities:
DEF Company Bonds
GEH Incorporated Bonds.
IJK Incorporated Bonds
Available-for-Sale Securities:
LMN Company Bonds
Amortized
Cost
12/31/2023
$ 386,500
Cost
Multiple Choice
Fair Value Fair Value
12/31/2023
$ 394,000
Fair Value
12/31/2023
$ 64,000
$ 66,000
$ 63,000
Fair Value
12/31/2023
12/31/2024
$ 419,000
Fair Value
12/31/2024
$ 75,000
$ 96,000
$57,500
Fair Value
12/31/2024
Cost
$ 161,400 $ 174,200 $ 159,000
$ 80,800
$ 58,000
$ 51,900
Amortized
Cost
12/31/2024
$ 379,000
What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2024
balance sheet (gnore taxes)?
Subr](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39b2a4d1-471d-453d-8651-4ed3b9fc5210%2Fe3f18f0b-ae9b-4f9b-9a1e-01eb483372f8%2Fgma45fp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Beresford Incorporated purchased several investments in debt securities during 2023, its first year of operations. The following information
pertains to these securities. The fluctuations in their fair values are not considered permanent.
Held-to-Maturity Securities:
ABC Company Bonds
Trading Securities:
DEF Company Bonds
GEH Incorporated Bonds.
IJK Incorporated Bonds
Available-for-Sale Securities:
LMN Company Bonds
Amortized
Cost
12/31/2023
$ 386,500
Cost
Multiple Choice
Fair Value Fair Value
12/31/2023
$ 394,000
Fair Value
12/31/2023
$ 64,000
$ 66,000
$ 63,000
Fair Value
12/31/2023
12/31/2024
$ 419,000
Fair Value
12/31/2024
$ 75,000
$ 96,000
$57,500
Fair Value
12/31/2024
Cost
$ 161,400 $ 174,200 $ 159,000
$ 80,800
$ 58,000
$ 51,900
Amortized
Cost
12/31/2024
$ 379,000
What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2024
balance sheet (gnore taxes)?
Subr
![What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2024
balance sheet (ignore taxes)?
Multiple Choice
$593,200
O $20.300
O $15,200
None of these answer choices are correct.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39b2a4d1-471d-453d-8651-4ed3b9fc5210%2Fe3f18f0b-ae9b-4f9b-9a1e-01eb483372f8%2Fugy1uff_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2024
balance sheet (ignore taxes)?
Multiple Choice
$593,200
O $20.300
O $15,200
None of these answer choices are correct.
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