On October 1 . Ryan Company purchased $200,000 face value 12% bonds for 98 plus accrued interest and brokerage fees and classified them as held-to-maturity securities. Interest is paid semiannually on January 1 and July 1 . Brokerage fees for this transaction were $700 . At what amount should this acquisition of bonds be recorded?
a. $196,000
b. $196,700
c. $202,000
d. $202,700
B
You might also like to view...
For public relations to remain part of the management team, it must do which one of the following?
A. Conduct research on other departments to gain an edge at budget meetings B. Join line management C. Contribute to organizational goals and show measurable results D. Prepare communication audits E. Become part of the marketing department
A(n) ________ is a contract a principal and agent enter into that says the principal cannot employ another agent other than the one stated
A) exclusive principal contract B) exclusive agency contract C) ratified contract D) apparent agency contract
A project has the precedence requirements and activity durations shown in the table. After he draws the network, the project manager decides that activities H and I can be represented by a hammock activity
What are the early start and late finish times associated with this hammock activity? Time Predecessor A 7 B 8 A C 13 B D 8 C E 7 A F 6 E G 6 A H 11 G I 12 H J 14 D, F, I A) 13, 36 B) 13, 24 C) 24, 36 D) 7, 36
If a company sells merchandise with credit terms 2/10 n/30, the credit period is 30 days and the discount period is 10 days.
Answer the following statement true (T) or false (F)