Jack discovers that Sally, who works in receiving for a stereo warehouse, is creating false documents of receipt alleging that fewer stereos were received in a shipment than she actually received. She has been taking the stereos to the local flea market and selling them. Jack meets Sally after work and confronts her with his knowledge, but offers to remain quiet if she pays him $2000 every month. Regardless of Sallys crime, Jack is guilty of the crime of extortion. a) trueb) false

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?