What is the amount of security joy at december


The following information pertains to Crystal Inc.'s portfolio of investments for the year ended December 31, 2010: Cost FairValue12/31/09 2010Purchases 2010Sales FairValue12/31/10 Held-to-maturity securities Security Joy $128,000 $130,000 Assume that Security Joy is a debt security that was purchased at a premium. The premium amortization for 2010 was $3,000. All declines in fair value are considered temporary. What is the amount of Security Joy at December 31, 2010 that should be carried on the balance sheet?

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Accounting Basics: What is the amount of security joy at december
Reference No:- TGS0711525

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