![subject](/tpl/images/cats/ekonomika.png)
Business, 17.03.2020 04:41 tylonhouse362
Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $190 million of 8% bonds, dated January 1, on January 1, 2016. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $169 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, 2016, was $180 million.
Required:
1. to 3.
Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (i. e., 5,500,000 should be entered as 5.50).)
4.1
At what amount will Fuzzy Monkey report its investment in the December 31, 2016, balance sheet?(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places, (i. e., 5,500,000 should be entered as 5.50).)
4.2
Prepare any entry necessary to achieve this reporting objective. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (i. e., 5,500,000 should be entered as 5.50).)
5.
How would Fuzzy Monkey's 2016 statement of cash flows be affected by this investment? (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place, (i. e., 5,500,000 should be entered as 5.5).)
![ansver](/tpl/images/cats/User.png)
Answers: 3
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 22:30
Match the vocabulary word to the correct definition. 1. sexual harassment 2. terminate 3. recruitment 4. professional development 5. union a. any unwanted sexual attention, the suggestions that maintaining one’s job or professional advancement depends on sexual favors, or verbal and/or physical harassment of a sexual nature b. to fire from a job or end a professional relationship c. an organization of those in the same industry who join together to more effectively bargain with employers d. the process of attracting and hiring employees e. continuing education in a chosen field
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 22:50
Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 11:00
While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 15:40
Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
Answers: 1
You know the right answer?
Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $190 million of 8% bonds, date...
Questions
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2020 18:01
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2020 18:01
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2020 18:01
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 20.10.2020 18:01
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2020 18:01
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 20.10.2020 18:01
![question](/tpl/images/cats/mat.png)
Mathematics, 20.10.2020 18:01
![question](/tpl/images/cats/himiya.png)