Business, 08.05.2020 03:57, xxaurorabluexx
Lance Brothers Enterprises acquired $720,000 of 3% bonds, dated July 1, on July 1, 2016, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 4% for bonds of similar risk and maturity. Lance Brothers paid $600,000 for the investment in bonds and will receive interest semiannually on June 30 and December 31. Prepare the journal entries (a) to record Lance Brothers’ investment in the bonds on July 1, 2016, and (b) to record interest on December 31, 2016, at the effective (market) rate.
Answers: 1
Business, 21.06.2019 19:20, recon12759
Which of the following accurately describes a surplus? a. consumer demand for a certain car is below the number of cars that are produced. b. the production costs for a certain car are below the sale price of that car. c. a reduction in the cost of steel enables a car company to reduce the sale price of its cars. d. a car company tries to charge too high a price for a car and has to reduce the price. 2b2t
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Business, 22.06.2019 10:30, drejones338p04p2p
How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.
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Business, 22.06.2019 14:00, gcristhian8863
Which of the following would be an accurate statement about achieving a balanced budget
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Lance Brothers Enterprises acquired $720,000 of 3% bonds, dated July 1, on July 1, 2016, as a long-t...
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