Cone corporation is in the process of preparing its december 31, 2021, balance sheet. there are some questions as to the proper classification of the following items: $55,000 in cash restricted in a savings account to pay bonds payable. the bonds mature in 2025. prepaid rent of $29,000, covering the period january 1, 2022, through december 31, 2023. notes payable of $210,000. the notes are payable in annual installments of $25,000 each, with the first installment payable on march 1, 2022. accrued interest payable of $17,000 related to the notes payable. investment in equity securities of other corporations, $90,000. cone intends to sell one-half of the securities in 2022. required: prepare the asset and liability sections of a classified balance sheet to show how each of the above items should be reported.

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)