Business, 21.01.2021 22:00 savannahvargas512
Pharoah Company purchased $2600000 of 8%, 5-year bonds from Sheridan, Inc. on January 1, 2021, with interest payable on July 1 and January 1. The bonds sold for $2724740 at an effective interest rate of 7%. Using the effective-interest method, Pharoah Company decreased the Available-for-Sale Debt Securities account for the Sheridan, Inc. bonds on July 1, 2021 and December 31, 2021 by the amortized premiums of $9820 and $10180, respectively. At December 31, 2021, the fair value of the Sheridan, Inc. bonds was $2780000. What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity
Answers: 2
Another question on Business
Business, 22.06.2019 05:50
Match the steps for conducting an informational interview with the tasks in each step.
Answers: 1
Business, 22.06.2019 12:30
On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.
Answers: 3
Business, 23.06.2019 09:00
You tour a company and notice that employees all seem to have a common goal and understanding of procedures. what would be the contributing factor for this?
Answers: 3
Business, 23.06.2019 10:00
Governments sometimes erect barriers to trade other than tariffs and quotas. which of the following is not an example of this type of trade barrier? a. a requirement that the employees of domestic firms that engage in foreign trade pay income taxes b. restrictions on imports for national security reasons c. a requirement that imports meet health and safety requirements d. a requirement that the u.s. government buy military uniforms only from u.s. manufacturers
Answers: 2
You know the right answer?
Pharoah Company purchased $2600000 of 8%, 5-year bonds from Sheridan, Inc. on January 1, 2021, with...
Questions
History, 29.06.2019 13:50
Mathematics, 29.06.2019 13:50
English, 29.06.2019 13:50
Chemistry, 29.06.2019 13:50
Mathematics, 29.06.2019 13:50
