Tariff rates on agricultural products are generally: Group of answer choices much higher than import fees on electronics. much lower than tariff rates on manufactured products or services. much lower than import fees on electronics. much higher than tariff rates on manufactured products or services.

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?