With respect to this portfolio what dollar amount will be, Ask an Expert

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On January 1, 2014, Monopoly Corporation purchased a debt security as a held-to-maturity investment. Monopoly paid $358,859 for the 3-year bonds which had a face value of $350,000, a stated rate of 10% and pay interest annually. The bonds were sold to yield 9%, and the investment had a fair value of $354,718 at December 31, 2014.

With respect to this portfolio, what dollar amount will be reported on Monopoly's December 31, 2014, balance sheet?

Investment in Bonds $___________________

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Category:- Accounting Basics
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