Laura is an HR manager for an organization. She is working on developing a record retention procedure for managing important employee documents. How long should she
ensure that she has employee payroll records on file?
A. 3 years
B. 10 years
C. 1 year
D. 30 days

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?