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
swat32
3 years ago
14

"In 2020, a customer buys a 3 3/4% U.S. Government bond maturing in 2029 at 104-16. The customer elects to amortize the bond pre

mium for tax purposes. If the bond is sold after 2 years, its cost basis at that time is:"
Business
1 answer:
Lana71 [14]3 years ago
8 0

Answer:

carrying value after 2 years = $967.64

Explanation:

the journal entry to record the purchase of  the bond:

Dr Investment in bonds 1,000

Dr Premium on investment in bonds 41.60

    Cr Cash 1,041.60

Assuming a straight line amortization, the yearly amortization = $41.60 / 9 years = $4.62 per year

carrying value at moment of purchase = $958.40

carrying value after 1 year = $963.02

carrying value after 2 years = $967.64

You might be interested in
Any time Since 2022 Since 2021 Since 2018 Custom range... Sort by relevance Sort by date Any type Review articles Learner-Center
harkovskaia [24]

The teams looked at the research that establishes these characteristics and have organized them around five components: learning climate; classroom assessment and reflection; instructional rigor and student engagement; instructional relevance; and knowledge of content.

<h3>What is reflection?</h3>

The change in direction of a wavefront at an interface between two different media so that the wavefront returns to the medium from which it originated is referred to as reflection. Reflection of light, sound, and water waves are common examples.

When waves bounce off a barrier, the direction of the waves changes. Wave refraction is the change in direction of waves as they pass from one medium to another. Refraction, or the bending of the path of the waves, is accompanied by a change in the waves' speed and wavelength.

A phase change can occur when a wave is reflected, specifically from the boundary of a faster wave speed medium to the boundary of a slower wave speed medium.

To know more about reflection follow the link:

brainly.com/question/1908648

#SPJ4

4 0
2 years ago
The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe
abruzzese [7]

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

  • $31,956 - $25,876 = $6,080

High school graduate vs. some college or Associate's degree:

  • $38,125 - 31,956 = $6169

Some college or Associate's degree vs. Bachelor's degree:

  • $56,344 - $38,125 = $18,219

Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

4 0
2 years ago
Which situation best illustrates an effect of the law of supply?
ollegr [7]

Answer:

c

Explanation:

5 0
3 years ago
In this market research step, the best solution is recommended along with the reasons why it is the best option:
Anna007 [38]

Answer:

a

Explanation:

got it right

3 0
3 years ago
Justin and shane believe their team is better than the other teams in town. this illustrates:
RideAnS [48]

An in-group bias. Because the boys are on the team, they think of themselves more highly than outside groups.

5 0
4 years ago
Other questions:
  • How does the government typically change fiscal policy to try to improve the u.s. economy during a recession?
    5·2 answers
  • Rank from lowest credit risk to highest credit risk the following bonds, with the same time to maturity, by their yield to matur
    6·2 answers
  • On January 1, 20X9, Pallet Company acquires 80 percent ownership in Slat Corporation for $200,000. The fair value of the noncont
    8·1 answer
  • Plan​ B: Produce at a constant rate of 1 comma 300 units per​ month, which will meet minimum demands. Then use​ subcontracting,
    10·1 answer
  • Daniel’s workplace does not have any structured hierarchy and all employees are treated equally, regardless of their designation
    12·1 answer
  • The 5 C's of credit include: I. Collateral and Capacity II. Conditions, Capital and Consideration III. Collateral and Credit Sco
    6·1 answer
  • slideware starts with a picture of a farm with a variety of vegetables pictured in the field. His presentation zooms in on each
    8·1 answer
  • Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can
    15·1 answer
  • Name two global exchange services
    9·2 answers
  • Which of the following best describes the brainstorming process?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!