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
kumpel [21]
3 years ago
11

Tanner-UNF Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2016. Company manag

ement has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $200 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2016 was $210 million.
Required:

1. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2016.

2. Prepare the journal entry by Tanner-UNF to record interest on December 31, 2016, at the effective (market) rate.

3. At what amount will Tanner-UNF report its investment in the December 31, 2016, balance sheet? Why?

4. Suppose Moody’s bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2017, for $190 million. Prepare the journal entry to record the sale.
Business
1 answer:
Arte-miy333 [17]3 years ago
8 0
I don’t know what you’re telling me to do here! Where’s the question ?
You might be interested in
2. How has Taobao created economic opportunities for Chinese entrepreneurs that were inaccessible to them before?
cupoosta [38]

Answer: It created a platform for small business owners to open online stores to meet the needs of consumers in Chinese speaking areas within and outside China.

Explanation: Taobao with over one billion listings,is owned and founded by Alibaba( a Chinese entrepreneur) in the year2003. Taobao is a market place for consumers of Products,it helps to create Opportunity for Businesses to market their products and services,this platform has helped to build the Chinese Economy empowering people and helping to improve creativity, It also helped Chinese entrepreneur to be accessible to the world over.

3 0
3 years ago
Which of the following is a disadvantage of a market economy?a. consumer satisfaction is lowb. it limits freedom for producers a
patriot [66]

Answer: The correct answer is c) It does not provide for everyoned.

Explanation:

In a market economy, the problem is that we are not born with the same opportunities, nor the possibility of accessing the same factors of production, nor are we equally qualified in all fields. That is, those who are born in a family with less economic resources, or simply are not enabled in activities that have more benefits, are at a disadvantage compared to the rest of the individuals. These inequalities end up generating inequalities in income distribution.

4 0
3 years ago
Which graphical display shows marginal and conditional distributions at the same time?
vivado [14]
<span>Contingency tables are the most common way of showing both marginal and conditional distributions. Reading them is quite easy and intuitive, and often the graphical part of the analysis is left at that. Taking a step further, one can translate the table into a chart: it is advised to use a bar chart to effectively show the data</span>
5 0
3 years ago
During last month, your beginning inventory was $17,500, your purchases were $19,252, and your ending inventory was $15,757. Wha
kicyunya [14]

$20,995

Cost of goods sold:

17,500 Beginning inventory

+19,252 Plus purchased inventory

- $15,757 Minus ending inventory

=20,995 Cost of Goods Sold

7 0
3 years ago
Locke Inc has a machine that installs tires. The machine is now in need of repair. The machine originally cost $10,000 and the r
Phoenix [80]

Answer: William should replace the machine with a new one because over that 2 year span he will be losing less money, if he were to repair he would lose more money.

Explanation:

5 0
2 years ago
Other questions:
  • A potential benefit of telecommuting is that it _____. reduces employee turnover regulates work routine increases interaction wi
    8·1 answer
  • Johnson Battery Systems recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depr
    11·1 answer
  • firm x projects an roe of 14% and it will maintain a pplowback ratio of .45 its earnings this year will be 3.60 per share invest
    6·1 answer
  • You are a research analyst in charge of publishing research reports for your company, C-Minus Investment Banking and Research. Y
    10·1 answer
  • Darnell lives in an area where labor is plentiful and locations for start-ups are relatively cheap. He is also confident thathe
    7·1 answer
  • Advances in technology like the creation of cheap, lightweight laptops has allowed workers to work from almost anywhere.
    6·2 answers
  • In 1974, the price of a first class postage stamp was 10 cents, a loaf of bread averaged 28 cents, gasoline was 53 cents per gal
    15·2 answers
  • Your client submits an application to rent a condo unit. He has excellent credit and has had the same job for a long time. He us
    15·1 answer
  • A monetary unit that is freely and easily converted into other currencies is
    11·1 answer
  • What is the main difference between probing questions and solution-oriented questions?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!