The price of oil hit a record high above $135 a barrel in May 2008—more than twice what it cost the year before. OPEC has so far blamed price rises on speculators and says there is no shortage of oil. BBC News Complete the following sentences. The price of oil rises if the demand for oil and the supply of oil .

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?