On january 1, year 2, southern corporation received $107,720 for a $100,000 face amount, 12% bond, a price that yields 10%. the bonds pay interest semiannually. southern elects the fair value option for valuing its financial liabilities. on december 31, year 2, the fair value of the bond is determined to be $106,460. southern recognized interest expense of $12,000 in its year 2 income statement. what was the gain or loss recognized on the year 2 income statement to report this bond at fair value?
a) $12,000 lossb) $1,260 gainc) $13,260 lossd) $6,460 gain

The maximum amount of money that a consumer can charge on a credit card is called the

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.