Finance is best defined as
the tracking and documenting of money or things that are worth money.
o the management of money and things that are worth money.
an item, such as a car or a house, that is worth money.
an amount of money a person or organization owes to another person or organization.

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?