Current Investments: An investment which is held for short term, less than a year is classified into current investment section. Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section. Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset. Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets. (a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements. Given information: All the information related to M Company is provided in the question document.

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Question

Chapter 17, Problem 17ICA

To determine

Current Investments: An investment which is held for short term, less than a year is classified into current investment section.

Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section.

Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset.

Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets.

(a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements.

Given information: All the information related to M Company is provided in the question document.

To determine

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

To determine

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.

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Answer 2

Question

Chapter 17, Problem 17ICA

To determine

Current Investments: An investment which is held for short term, less than a year is classified into current investment section.

Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section.

Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset.

Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets.

(a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements.

Given information: All the information related to M Company is provided in the question document.

To determine

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

To determine

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.

Expert Solution & Answer

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Answer 3

Question

Chapter 17, Problem 17ICA

To determine

Current Investments: An investment which is held for short term, less than a year is classified into current investment section.

Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section.

Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset.

Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets.

(a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements.

Given information: All the information related to M Company is provided in the question document.

To determine

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

To determine

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.

Expert Solution & Answer

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Answer 4

Question

Chapter 17, Problem 17ICA

To determine

Current Investments: An investment which is held for short term, less than a year is classified into current investment section.

Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section.

Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset.

Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets.

(a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements.

Given information: All the information related to M Company is provided in the question document.

To determine

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

To determine

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.

Expert Solution & Answer

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Answer 5

Chapter 17, Problem 17ICA

To determine

Current Investments: An investment which is held for short term, less than a year is classified into current investment section.

Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section.

Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset.

Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets.

(a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements.

Given information: All the information related to M Company is provided in the question document.

To determine

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

To determine

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.

Answer 6

Chapter 17, Problem 17ICA

To determine

Current Investments: An investment which is held for short term, less than a year is classified into current investment section.

Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section.

Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset.

Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets.

(a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements.

Given information: All the information related to M Company is provided in the question document.

Answer 7

Chapter 17, Problem 17ICA

To determine

Current Investments: An investment which is held for short term, less than a year is classified into current investment section.

Non-Current Investments: An investment which is held for more than a year is classified into non-current investment section.

Fair value: Fair value is a selling price which is agreed by the buyer and seller. It is also the estimate of the potential market price of good, service or asset.

Derivatives: Derivatives are the product whose value is derived from an underlying asset. The shares, bonds, commodities, interest rates, index are the underlying assets.

(a) To determine: To determine the type of investments of M Company in 2015, and reporting of these investments in financial statements.

Given information: All the information related to M Company is provided in the question document.

Answer 8

To determine

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

Answer 9

To determine

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

Answer 10

To determine

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.

Answer 11

To determine

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 17 - Prob. 1Q Ch. 17 - 2. What purpose does the variety in bond features...Ch. 17 - 3. What is the cost of a long-term investment in...Ch. 17 - 4. Identify and explain the three types of...Ch. 17 - 5. When should a debt security be classified as...Ch. 17 - 6. Explain how trading debt securities are...Ch. 17 - 7. At what amount should trading,...Ch. 17 - Prob. 8Q Ch. 17 - 9. If the bonds in Question 8 are classified as...Ch. 17 - Prob. 10Q

(b) To determine: To determine M’s investment valuation and its fair value. Given information: All the information related to M Company is provided in the question document.

(c) To determine: To determine the use of derivative financial instrument. Given information: All the information related to M Company is provided in the question document.

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Chapter 17 Solutions

(b) To determine: To determine M’s investment valuation and its fair value.

Given information: All the information related to M Company is provided in the question document.

(c) To determine: To determine the use of derivative financial instrument.

Given information: All the information related to M Company is provided in the question document.