On January 1, Year 1, Bremen Corporation acquired 40% of the…

On January 1, Year 1, Bremen Corporation acquired 40% of the shares of Destiny Company. Bremen paid $3,000,000 for the investment. For Year 1, Destiny recognized net income of $500,000 and paid $300,000 of dividends. At December 31, Year 1, Bremen’s investment in Destiny Company would be reported for:

A company purchased $200,000 of 9%, 4-year bonds on January…

A company purchased $200,000 of 9%, 4-year bonds on January 1, Year 1, for $200,000. As of December 31, Year 1, the fair value of the bonds has decreased to $180,000. Assuming the investment is classified as held-to-maturity securities, what amount would the company report for its investment in bonds on December 31, Year 1?