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8090 [49]
4 years ago
9

On january? 1, 2017, dodge company purchases? $90,000, 7% bonds at a price of 86.4 and a maturity date of january? 1, 2027. dodg

e company intends to hold the bonds until their maturity date. interest is paid? semiannually, on january 1 and july 1. dodge company has a calendar year end. the entry to record the purchase of the bond investment on january? 1, 2017,? is
Business
1 answer:
andreev551 [17]4 years ago
4 0

We should note that the bond investment account is recorded at cost by the Bondholder or Investor.

The cost or price is calculated as:

Cost = $90,000 * 86.4%

Cost = $90,000 * 0.864 = $77,760

Therefore, the entry to record should be:

<span>debit Held-to-Maturity Investment in Bonds for $77,760 and credit Cash for $77,760</span>

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American General Company experienced the following accounting events during 2014:
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Answer:

1.  Operating Activities (OA)

2. Financing Activities (FA)

3. Financing Activities (FA)

4. Investing Activities (IA)

5. Operating Activities (OA)

6.  Operating Activities (OA)

7. Investing Activities (IA)

8. Financing Activities (FA)

9. Not applicable (NA)

10. Financing Activities (FA)

Explanation:

Statement of cash flows is one of the three major financial statements. The statement analyses the cash generated and cash expended by an entity in a given period. The statement collates the analysis under three categories

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Investing activities consist of cash activities involving acquisition and disposal of assets and investment. Examples of such are cash receipt from sales of equipment, cash spent on purchase of investment securities.

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4 years ago
Mark the statements that are TRUE.
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Answer:

true statements are

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5 0
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Answer:

1.74%

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A z-score of 2.11 corresponds to the 98.26th percentile of a normal distribution. The probability that the network will stay up for 2,800 hours before it fails is:

P(X>2,800) = 100\%-98.26\% = 1.74\%

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Relationship marketing assumes that many consumers and business customers prefer to switch relationships among different organiz
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