subject
Business, 18.01.2020 04:31 deborah0

Melina purchased a $10,000 corporate bond on july 1, 2018. the bond has a stated interest rate of 5%, payable annually on november 1. since melina purchased the bond between interest payment dates the interest income on schedule b, interest and ordinary dividends will be reported as $251, the amount of interest earned from july 1 through december 31. $332, her proportionate share of the interest as taxable income. no further adjustment is necessary. $500, the full interest payment, then minus $332, the amount of accrued interest, as an adjustment. $500, the entire interest payment. no further adjustment is necessary, as the amount of accrued interest was added to melina's basis at the time of purchase

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:40
Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t
Answers: 1
question
Business, 22.06.2019 06:50
On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500
Answers: 3
question
Business, 22.06.2019 17:30
An essential element of being receptive to messages is to have an open mind true or false
Answers: 2
question
Business, 23.06.2019 04:50
Can someone me with general journal entry on this? ?
Answers: 3
You know the right answer?
Melina purchased a $10,000 corporate bond on july 1, 2018. the bond has a stated interest rate of 5%...
Questions
question
Mathematics, 28.02.2021 16:10
question
Mathematics, 28.02.2021 16:10
Questions on the website: 13722363