Reference no: EM133170018
Question - Boneau Company purchased $5,000,000 of 12%, 5-year bonds from Chouteau, Inc. on January 1, 2018, with interest payable on July 1 and January 1. The bonds sold for $5,386,087 at an effective interest rate of 10%. Using the effective-interest method, Boneau Company decreased the Available-for-Sale Debt Securities account for the Chouteau, Inc. bonds on July 1, 2018 and December 31, 2018 by the amortized premiums of $30,696 and $32,230, respectively.
At December 31, 2018, the fair value of the Chouteau, Inc. bonds was $5,400,000. What should Boneau Company report as other comprehensive income and as a separate component of stockholders' equity?
At April 1, 2019, Boneau Company sold the Chouteau bonds for $5,450,000. After accruing for interest, the carrying value of the Chouteau bonds on April 1, 2019 was $5,456,240. Assuming Boneau Company has a portfolio of Available-for-Sale Debt Securities, what should Boneau Company report as a gain or loss on the bonds? 6) During 2018 Bonner Company purchased 20,000 shares of West Riverside, Inc. for $25 per share. During the year Bonner Company sold 12,000 shares of West Riverside, Inc. for $26.50 per share.
At December 31, 2018 the market price of West Riverside, Inc.'s stock was $22.5 per share. What is the total amount of unrealized gain/(loss) that Bonner Company will report in its income statement for the year ended December 31, 2018 related to its investment in West Riverside, Inc. stock?
|
Do you think the company weighted average cost of capital
: ABC Co Ltd invests in projects that are much riskier than its average investments. Do you think the company's weighted average cost of capital
|
|
Compute the portfolio weights
: You constructed a portfolio with the following investments: share ($9,000), bonds ($11,000) and Treasury Bills ($10000). Compute the portfolio weights
|
|
What is the cash conversion cycle for coopie awards
: What is the Cash conversion Cycle for Coopie Awards? (show your work). What does the cash conversion cycle indicate for Coopie Awards
|
|
What is the cost of food consumed dollars
: The following information was collected at the end of the month: Food Sales $122,330 Cooking Liquor $400. What is the Cost of Food Consumed dollars
|
|
What is the total amount of unrealized gain
: At December 31, 2018 the market price of West Riverside, Inc.'s stock was $22.5 per share. What is the total amount of unrealized gain
|
|
What was the number of days in which inventory was turned
: Food cost percent was 31.6%. Closing inventory was $6,700. What was the number of days in which the inventory was turned over in that month
|
|
Prepare the schedule of raw materials placed in production
: Using the information presented above, prepare the schedule of raw materials placed in production for the year ended December 31, 2019
|
|
Identify current government policies relating to health
: Identify current government policies relating to health and social care in UK and Explain the impact of policy on the health and social care sector
|
|
How many units were started in the extrusion department
: Over the course of the month, 5,500 units were completed and transferred out to the Weaving Department. How many units were started in the Extrusion Department
|