Business, 21.09.2021 20:50 deontehiggins42

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $160 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $142 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $150 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021, balance sheet

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 18:30

What is the communication process? why isnt it possible to communicate without using all the elements in the communication process?

Answers: 3

Answer

Business, 22.06.2019 06:30

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

Answers: 3

Answer

Business, 22.06.2019 14:20

In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5

Answers: 1

Answer

Business, 22.06.2019 21:30

Russell's study compared gpa of those students who volunteered for academic study skills training and those who did not elect to take the training. he found that those who had the training also had higher gpa. with which validity threat should russell be most concerned?

Answers: 2

Answer

You know the right answer?

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $160 million of 8% bonds, dated...

Questions

Business, 02.11.2020 16:30

Which sectors (e. g., government, business, civil society) would need to be involved in a successful campaign to promote clean cookstoves in the devel...

Business, 02.11.2020 16:30

While buying some land, Mark asked the seller's solicitor if there were any restrictive covenants on the land and the solicitor said he did not know o...