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LiRa [457]
3 years ago
14

On November 1, 2021, Oriole Company purchased Skysong, Inc., 10-year, 10%, bonds with a face value of $710000, for $630000. An a

dditional $15000 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1, 2028. Oriole uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Oriole's 2021 income statement as a result of Oriole's available-for-sale investment in Skysong was:______
Business
1 answer:
alekssr [168]3 years ago
3 0
1300000 dollars is the answer I think
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3 years ago
You heard that rating agencies have upgraded a bond's rating. the yield on the bond is likely to
sattari [20]
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4 0
3 years ago
Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat
ra1l [238]

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

Units in ending inventory=500 units + 600 units – 800 units sold

Units in ending inventory= 300

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5 0
3 years ago
On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin
sineoko [7]

Answer:

patent on the consolidated estament: 32,000

Explanation:

45,000 x 80% = 36,000

36,000 / 9 = 4,000 amortization per year

 patent of Grand heaven

<u>      debit           credit        </u>

  36,000 recognize at purchase

                        4,000 december 31th amortization

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3 0
3 years ago
Money markets trade securities that I. mature in one year or less. II. have little chance of loss of principal. III. must be gua
IRISSAK [1]

Answer:

I. Mature in one year or less.

Explanation:

Money market securities matures in one year or less. It is not assured that principal amount will be safe and government does not guarantee for these securities but they ensure through regulatory bodies that these securities must have a minimum credit rating to be traded in the market. So option I is correct.

6 0
4 years ago
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