80.2K
Verified Solution
Link Copied!
Dell provides the following information about their marketable debt investments, acquired at par earlier this year:
| | Bonds held with the intention of selling in the near term to profit from price fluctuations. | Bonds held with the intention of collecting all of the coupon payments and the face amount at maturity. | Bonds not expected to be sold in the near term nor held to maturity. |
| Amortized cost | $100,000 | $500,000 | $250,000 |
| Fair value at year-end | $98,000 | $525,000 | $260,000 |
At year-end, what total amount will Dell report on its balance sheet for these marketable debt investments?
a. $858,000
b. $883,000
c.$850,000
Answer & Explanation
Solved by verified expert
