No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.
We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.
There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.
Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.
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<span>Definition of appropriate concept:
</span>1) efficiency - <span>when a society gets the most it can from its scarce resources.
2) </span><span>equality - when economic benefits are distributed uniformly across society.
</span>Efficiency is the size of the economic pie and equality is how the pie is divided into individual slices.
The correct answer is letter D. Secondary schools were primarily installed as a way to prepare students for college. When students are equipped with the knowledge about basic education, they will become globally competitive students who are well-capable of adapting to any kind of environment, especially when they are thrown into the read world setting.
The answer is the Attic area
I believe the answer is B
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