User Account

All Pages

What amount should purl report on its december 31

Assignment Help Financial Management
Reference no: EM132331660

Question

On January 1, 2016, Purl Corp. purchased, as a long-term investment, $500,000 face value Shaw, Inc. 8% bonds for $456,200. The bonds were purchased to yield 10% interest. Purl has the positive intent and ability to hold the bonds until maturity on January 1, 2022. The bonds pay interest annually on January 1, and Purl uses the interest method of amortization.

What amount (rounded to nearest $100) should Purl report on its December 31, 2017 Balance Sheet for this long-term investment?

Reference no: EM132331660

Questions Cloud

Practicing medicine with advancements in technology : The face of healthcare is constantly changing as the providers find more ways of practicing medicine with advancements in technology, like telemedicine
What is the carrying amount of larkins investment in devon : Larkin Co. has owned 25% of the common stock of Devon Co. for a number of years, and has the ability to exercise significant influence over Devon.
Disagree that business can solve social problems : Do you agree or disagree that business can solve social problems? Justify your answer
Why is information security not considered : Why is information security not considered to be a full time job by many organizations?
What amount should purl report on its december 31 : On January 1, 2016, Purl Corp. purchased, as a long-term investment, $500,000 face value Shaw, Inc. 8% bonds for $456,200.
What are the main categories of anomaly detection methods : What are the main categories of anomaly detection methods and What is the difference between them?
What amount of gain or loss would blossom corporation report : What amount of gain or loss would Blossom Corporation report in its income statement for the year ended December 31, 2019 related to its investment?
Describe the series of connections that would be made : How would I describe the series of connections that would be made, equipment and protocol changes, if you connected your laptop to a wireless hotspot
Can there be failing hardware components : Can there be failing hardware components? If so, then what actions should you consider?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd