at 19:58 1 Because of its payment structure, bonds are also know as: V Fixed income O Covenants Preferred stock O Common stock O None of the above Which one of the following foreign bonds is the actual name of bonds that are traded in the U.S.? O Bulldog bond O Shogun bond O Take-your-money-and-run bond V Yankee bond O All of the above O None of the above 2.

at 19:58 1 Because of its payment structure, bonds are also know as: V Fixed income O Covenants Preferred stock O Common stock O None of the above Which one of the following foreign bonds is the actual name of bonds that are traded in the U.S.? O Bulldog bond O Shogun bond O Take-your-money-and-run bond V Yankee bond O All of the above O None of the above 2.

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter11: Liabilities: Bonds Payable

Section: Chapter Questions

Problem 11.1EX

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€ 17.4 (L01) (Debt Investments) Assume the same information as in E17.3 (in the picture)except that Roosevelt has an active trading strategy for these bonds. The fair value of the bonds at December 31 of each year end is as follows. 2019 $ 534.200 2020 $ 515,000 2021 $ 513,000 2022 $ 517,000 2023 $ 500,000 Instructions a. Prepare the journal entry at the date of the bond purchase. b. Prepare the journal entries to record the interest received and recognition of fair value for 2019. c. Prepare the journal entry to record the recognition of fair value for 2020. d. Discuss how the response to (c) will be different assuming Roosevelt has a strategy of held-for-collection and selling.
QUESTION 18 Which of the following is not a correct statement? ST US govt debt instrument is called Treasury bill. LT US govt debt instrument includes Treasury note with maturity up to 10 years and Treasury bond with maturity up to 30 years. ST refers to maturity up to 3 years. LT corporate debt instrument is called corporate bond. Bond is the term for LT debt instruments in general.
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