Answer: $27,864
Explanation:
The amount that should be recorded as other comprehensive income is the fair value less the sales price and the amortized premiums to reflect the true value of the investment,
= 1,164,000 - 1,129,896 - 3,048 - 3,192
= $27,864
$27,864 is the amount Crane Company should report as other comprehensive income and as a separate component of stockholders’ equity.
Answer:
$61,500
Explanation:
Based on the information given if the company
issues 4,100 shares of common stock for the amount of $131,200 in which the stock has a stated value of $15 per share which means that The journal entry to record the stock issuance would include a credit to Common Stock for $61,500 Calculated as:
Credit to Common Stock=4,100 shares*$15 per share
Credit to Common Stock=$61,500
Answer: 6.5%
The yield to maturity is 6.496% (approximated to 6.5% to nearest tenth)
Explanation:
Using the formula (semi annually YTM)
YTM = C + (fv - pv) /t ÷ (fv + pv)/2
C= coupon rate = 7%(1000)= $70
fv = face value = $1,000
pv = price value = $1,032
t = Time to maturity in years = 8years
C + (fv - pv) /t = 70 + (1000–1032)/8
= 70 – (32 /8) =66
(fv + pv) /2 = (1000 + 1032) /2
= 2032 / 2
= 1016
YTM = 66 / 1016
YTM = 0.06496
In % = (6496 / 100,000) × 100
= 6.496%
Approximately.... 6.5%
The correct option is A. The effect of tax cut is reduction in the amount of money that the government is generating and increase in the amount of money available to those whose taxes are reduced. Government usually cut taxes in order to boost the economy through increased spending.
