No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.
We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.
There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.
Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
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Answer:
The answer to this question is option C. $560
Explanation:
We can let the price of each hollow pine door = d and of each solid oak door = 2d.
Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.
With a 25% discount, each solid oak door is 0.75(80) = 60.
So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.
Hence the answer is C
Answer:
its easier to receive a bachelor's degree there.
Available Options are:
1 Cost approach
2 Market data approach
3 Income approach
4 Gross rent multiplier
Answer:
Market data approach
Explanation:
The Market data is more relaible source to finding the home's market value. As in the given scenario, it is evident that the property is not an investment property, hence it is more appropriate to find the asset's value using the market data rather using the rental value to compute the value of the asset.
The basic organizing legal document for a home rule city is called the CITY STATUE.
Home rule refers to the government of a city, colony or an independent country by its own citizens. A general law municipality usually become eligible for home rule when the population of the people living there is more than 5,000. The law which govern the activities of those in the home rule city is called statue.
