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erma4kov [3.2K]
4 years ago
15

​& Co. owns vast amounts of corporate bonds. Suppose buys of bonds at face value on January​ 2, . The bonds pay interest at

the annual rate of ​% on June 30 and December 31 and mature on December​ 31, . intends to hold the investment until maturity. Read the requirementsLOADING.... Requirement 1. How would the bond investment be classified on December​ 31, ​, balance​ sheet? The bond investment will be classified as a ▼ as of December​ 31, .
Business
1 answer:
Veronika [31]4 years ago
5 0

Answer:

Bonds held to maturity are recorded at the net carrying value (after any premium or discount amortization is made), but since these bonds were purchased at face value, there is no premium or discount to be amortized. The bonds should be reported at face value as non-current assets since they mature in more than 1 year.

Explanation:

all the numbers are missing, so I looked for a similar question:

Otter Creek & Co. Owns vast amount of corporate bonds. Suppose Otter Creek buys $1,200,000 of RoastCo bonds at face value on January 2, 2016. The RoastCo bond spay interest at an annual rate of 3% on June 30 and December 31, and mature on December 31, 2020. Otter Creek intends to hold the investment until maturity.

How would the bond investment be classified on December​ 31, 2016​, balance​ sheet?

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Pocahontas School District, an independent public school district, financed the acquisition of a new school bus by signing a not
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Answer:

C) Debit Expenditures $90,000; Credit Other Financing Sources $90,000

Explanation:

A General fund can be defined as the primary fund which are often used by a government entity and they are used to help record all inflows and outflows of resources that are not associated with funds which are for special purpose.

Therefore ,the entry in the General Fund at the date of acquisition will be :

Debit Expenditures $90,000

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Reason been that the acquisition of the new school bus was been financed by signing a note for $90,000 in which the $90,000 is an expenditure which was debited while Other Financing Sources of $90,000 was been credited.

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4 years ago
Question 4 of 8 > For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggrega
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Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).

A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.

What is short run and long run aggregate supply?

The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.

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2 years ago
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labwork [276]

NEC arose to:

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It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.

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3 years ago
Who is California's State Attorney (NOT I REPEAT NOT!!!!!!! Xavier Becerra)?
DanielleElmas [232]

Steve Cooley or Eric Early

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3 years ago
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