Saved ??? Help Save & Exit Submit Beresford Inc. purchased several investments i

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Saved ??? Help Save & Exit Submit Beresford Inc. purchased several investments in debt securities during 2017, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent. % 01:18:17 Amortized Cost 12/31/2017 $367,500 Amortized Cost 12/31/2018 $360,000 Held to Maturity Securities: ABC Co. Bonds Trading Securities: DEF Co. Bonds GEH Inc. Bonds IJK Inc. Bonds Available for Sale Securities: LMN Co. Bonds Fair Value 12/31/2017 $375,000 Fair Value 12/31/2017 $ 48,000 $ 47,000 $ 44,000 Fair Value 12/31/2018 $400,000 Fair Value 12/31/2018 $ 59,500 $ 77,000 $ 38,500 Cost $ 66,000 $ 39,000 $ 32,900 Total effect intere Fair Value 12/31/2017 $130,500 Fair Value 12/31/2018 $150,400 Cost $140,000 Effect intere =$36, What balance sheet amount would Beresford report for the total of its investments in debt securities at 12/31/2017? Multiple Choice $637,000. 1.pdf

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Total Investment in debt securities at 12/31/2017

Particulars Amount ($) Held to Maturity Securities ABC Co. Bonds 367,500 Trading Securities DEF. Co. Bonds 48,000 GEH Inc.Bonds 47,000 IJK Inc.Bonds 44,000 Available for sale Securities LMN Co. Bonds 130,500 Total Investment in debt securities at 12/31/2017 $637,000

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