Business, 25.06.2019 11:50 silveryflight
Tanner-unf corporation acquired as a long-term investment $260 million of 6.0% bonds, dated july 1, on july 1, 2018. company management has the positive intent and ability to hold the bonds until maturity. the market interest rate (yield) was 9% for bonds of similar risk and maturity. tanner-unf paid $220.0 million for the bonds. the company will receive interest semiannually on june 30 and december 31. as a result of changing market conditions, the fair value of the bonds at december 31, 2018, was $230.0 million. 1. prepare the journal entry to record tanner-unf's investment in the bonds on july 1, 2018. (if no entry is required for a particular event, select "no journal entry required" in the first account field. enter your answers in millions, (i. e., 10,000,000 should be entered as 2.prepare the journal entry used by tanner-unf to record interest on december 31, 2018, at the effective (market) rate. (if no entry is required for an event, select "no journal entry required" in the first account field. enter your answers in millions rounded to 1 decimal place, (i. e., 5,500,000 should be entered as 5. 4.prepare any journal entry necessary to recognize fair value changes as of december 31, 2018. (if no entry is required for an event, select "no journal entry required" in the first account field. enter your answers in millions rounded to 1 decimal place, (i. e., 5,500,000 should be entered as 5. 5.at what amount will tanner-unf report its investment in the december 31, 2018, balance sheet? (do not round your intermediate calculations. enter your answer in millions.)
Answers: 2
Business, 21.06.2019 21:30, anonymous1813
Balance sheet baggett company's balance sheet accounts and amounts as of december 31, 2016, are shown in random order as follows: account debit (credit) account debit (credit) income taxes payable $(3,800) additional paid-in capital on preferred prepaid items 1,800 stock $(7,900) additional paid-in capital on common stock (9,300) allowance for doubtful accounts (1,600) land 12,200 bonds payable (due 2020) (23,000) notes payable (due 2019) (6,000) buildings 57,400 notes receivable (due 2018) 16,400 sinking fund to retire bonds payable 5,000 accounts receivable 12,600 advances from customers (long-term) (2,600) premium on bonds payable (1,400) cash 4,300 accounts payable (13,100) accumulated depreciation: equipment (9,700) inventory 7,400 retained earnings (18,300) accumulated depreciation: buildings (21,000) preferred stock, $100 par (18,600) patents (net) 4,600 wages payable (1,400) equipment 28,700 common stock, $10 par (12,700) required: 1. prepare a december 31, 2016 balance sheet for the baggett. baggett company balance sheet december 31, 2016 assets current assets: $ $ $ long-term investments: $ property, plant, and equipment: $ $ $ intangible assets: liabilities current liabilities: $ $ long-term liabilities: $ $ other liabilities: shareholders' equity contributed capital: $ $ $ $ 2. compute the debt-to-assets ratio. round to one decimal place. do not enter a percent sign (%) as part of your answer. %
Answers: 1
Business, 22.06.2019 01:00, fatty18
In order to gauge public opinion about how to handle iran's growing nuclear program, a research group surveyed 1010 americans by telephone and asked them to rate the threat iran's nuclear program poses to the world on a scale of 1 to 10. describe the population, sample, population parameters, and sample statistics. identify the population in the given problem. choose the correct answer below.
Answers: 2
Business, 23.06.2019 00:50, allimaycatp8qgaq
Aproduction department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending work in process inventory. the units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Answers: 3
Tanner-unf corporation acquired as a long-term investment $260 million of 6.0% bonds, dated july 1,...
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