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My name is Ann [436]
3 years ago
14

The City of Sycamore has investments in bonds. These bonds have an amortized cost of $1,997,000. At year end, the financial pres

s reports a market value of $2,002,600 for these bonds. The original cost of the bonds was $1,993,000. The par value at maturity will be $2,000,000. The amount at which the investments would be reported is:
Business
1 answer:
Studentka2010 [4]3 years ago
7 0

Answer:

The answer is: $2,002,600

Explanation:

Government entities, like municipal governments, have to record all the bonds they hold at their fair market value. In case the government entity is not able to determine the fair market value of the bonds, they must record them at their amortized cost.

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3 years ago
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strojnjashka [21]

Answer:

The answer is stated below:

Explanation:

Functional currency is the one which states the primary and foremost economic environment in which the entity generate cash as well as expends cash.

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3 years ago
Extrapolative expectations work when prices are rising, but not when prices decline. True or False True False
Lemur [1.5K]

Answer:

False

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So the given statement is false

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4 years ago
The action step in monroe’s motivated sequence usually comes in the __________ of a persuasive speech on a question of policy.
tatiyna
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