1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
3 years ago
5

Held-to-Maturity Bond Investment On January 1, 2016, Weaver Company purchased as held-to-maturity debt securities $500,000 face

value of Park Corporation's 8% bonds for $456,200. The bonds were purchased to yield 10% interest and pay interest annually. The bonds mature on January 1, 2021. Weaver uses the effective interest method of amortization. What amount should Weaver report on its December 31, 2016, balance sheet as an investment in held-to-maturity debt securities? a. $456,200 b. $461,820 c. $466,200 d. $450,580
Business
1 answer:
yulyashka [42]3 years ago
8 0

Answer:

b. $461,820

Explanation:

The computation of the amount reported in the balance sheet is shown below:

But before that we need to find out the amortization of discount which is

= Purchased value of bond × interest rate of return - face value of bond × interest rate

= $456,200 × 10% - $500,000 × 8%

= $45,620 - $40,000

= $5,620

Now the amount reported is

= Purchased value + discount amortization

= $456,200 + $5,620

= $461,820

Hence, the option b is correct

You might be interested in
General Widget partnership assets amount to $34,000 after liquidation. Frank, Gene, and Hank, equal partners, each contributed $
maks197457 [2]

Answer:

$7,000

Explanation:

Balance to be distributed = Assets amount after liquidation - Creditor - Gene loan to the business

Therefore,

Balance to be distributed = $34,000 - $23,000 - $5,000 = $6,000

Since there is no agreement among the partners regarding the distribution of profits, the amount to be distributed will be shared equally for each partners as follows:

Each partner's of the amount to be distributed = $6,000/3 = $2,000

Amount received by Gene = Loan amount from + Distributed balance share

                                             = $5,000 + $2,000

Amount received by Gene = $7,000

Therefore, Gene gets $7,000 in distribution.

8 0
3 years ago
2) Food bill before tax: $80<br>Sales tax: 7.9% Tip: 20%​
dangina [55]

Grand Total + Total Bill Subtotal Sales Tax (7.9%)

Total Tip (20%)

Each Pays + Sales tax of 7.9% towards $80.00 is $6.32

A tip of 20% towards $86.32 is $17.26

does this help?

3 0
3 years ago
Prompt
Law Incorporation [45]

Answer:

Could you please be specific with your question?

Explanation:

8 0
3 years ago
You are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value
Inessa [10]

In your project, the earned value is greater than the planned value. This means the project is ahead of schedule and under budget.

<h3>What is project management?</h3>

It is the set of strategies and methods used by the project leader so that all stages of the project occur as planned, that is, techniques for achieving the project objectives, reducing negative risks and using the stipulated budget and schedule.

Therefore, it is essential that the project manager is monitoring all stages of the project, reducing unnecessary costs and integrating the team to increase productivity and meet the schedule.

Find out more about project management here:

brainly.com/question/6500846

#SPJ1

5 0
2 years ago
Will give Brainliest Answer! What type of competitive situation is this?
hram777 [196]
That would be
C. Oligopoly Conpetition
5 0
3 years ago
Other questions:
  • It is always the interviewee’s fault if an interview is bad.
    7·2 answers
  • Gage buys from fishing guide corporation the exclusive right to sell fishing guide rods and reels in a certain area. their franc
    10·1 answer
  • What benefit did seward see in acquiring alaska?
    12·1 answer
  • How did the k-abc differ from the stanford-binet and wechsler tests?
    10·1 answer
  • What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in
    8·1 answer
  • The sales manager is convinced that a 11% reduction in the selling price, combined with a $70,000 increase in advertising, would
    13·1 answer
  • This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th
    6·1 answer
  • Mike is driving over to his girlfriend's apartment and decides to buy some gum. He could stop in a gas station, go to any grocer
    9·1 answer
  • There is no evidence that giving (blank) to your children makes them hyperactive.
    15·2 answers
  • Quidpro, a food and beverage company based in Germany, gets most of its sales from outside its home country. Its employees are s
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!