How is the purchase of a held-to-maturity debt security at face value recorded?
Question:
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
The purchase of a heldtomaturity debt security is recorded ...View the full answer
Answered By
Abdulafeez Adetunmbi
I am an accomplished STEM educator with professional class experience for over two years. I am particularly interested in impart-focused teaching. This has brought me into contact with students of various backgrounds and needs. Specifically, I have over the years prepared high-school students in terminal classes for external examinations with a high percentage of success.
My student-individuality principle has endeared me to several of my past and present students. I believe learning is a function of an individual and as such, teaching should be based on the type and challenges faced by the individual student. Hence, I try to categorically place my students into similar groups after identifying individual particular learning problems. This has in fact worked for a whole lot of my students over the years.
I hold a bachelor's degree in chemistry where I graduated top 5% of my graduating class. My tutoring interest includes majorly but not restricted to mathematics, chemistry and of course database management tools like SQL.
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
Is the purchase of a state lottery ticket rational?
-
Is the purchase of securities an operating activity or an investing activity? Explain.
-
A small construction company is considering the purchase of a used bulldozer for $61,000. If the company purchases the dozer now, the equivalent future amount in year 4 that the company is paying for...
-
n Write a program that finds how many zeros in the list and puts the result in cntr variable (Copy and paste a program that is not related to the requirements will get Ox0000) .data list1 .word...
-
Suppose that you are the accounting manager of a division in a large company and your remuneration is partly based on meeting an earnings target. In the current year, it seems certain that your...
-
Refer to the data and other information provided in E20-21, but now assume that Fine's fiscal year end is May 31. Prepare the journal entries on Fine Corp.'s books to reflect the lease signing and to...
-
What is the major advantage of snowball sampling?
-
Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey is contributing $200,000 for a 40% ownership interest, Mickalya is contributing a building with a...
-
Set up an iterated triple integral in the order dxdzdy that gives the volume of the solid in the first octant enclosed by the xz-plane, the plane 2x + y +2z = 8, and the parabolic cylinder y = x. Do...
-
Other information: Intercompany sales: On January 1, Year 10: Salt had on hand $30,000 of inventory purchased from Pillar. Pillar had on hand $90,000 of inventory purchased from Salt. Both companies...
-
What is an equity security?
-
When disposing of an available-for-sale investment, where is the gain or loss on disposal reported in the financial statements?
-
The has hit the fan. The scandal has become well-publicized, especially with such TV programs as Dateline and 20/20. What would you do as top executive of MetLife at this point? How would you...
-
Company XYZ approaches a bank to borrow 500 million NOK one year from now (i.e., in Year 1). The bank offers the whole 500 million NOK for an annual interest of 3% in Years 2 and 3. The loan is to be...
-
Hazel has $100,000 in savings that she plans to use as a down payment on a house that costs $650,000. She selects an closed, fixed rate mortgage with a 3-year term, a 20 year amortization period and...
-
The equipment below is required for your business. Assume each will be replaced as it wears out. The required return is 15%. Ignore taxes. Machine A Machine B Initial cost $200,000 $300,000 Operating...
-
Do you feel women are at a disadvantage when starting new companies and looking for financing? What do you think is required for women in these underdeveloped countries to get financing? Can they be...
-
A new project is expected to generate $1,500,000 in revenues, $550,000 in cash operating expenses, and depreciation expense of $300,000 in each year of its 10-year life. The corporation's tax rate is...
-
Use regression analysis to fit a linear trend model to the data set. a. What is the estimated regression function? b. Interpret the R2 value for your model. c. Prepare a line graph comparing the...
-
You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its...
-
The balance sheet of Sonic Sales Limited reported the following at December 31, 2017: Shareholders' Equity Preferred shares, redeemable, nonvoting, cumulative, authorized 16,000 shares, liquidation...
-
At January 1, 2015, Bohemia Nursery Ltd.'s balance sheet reported the following shareholders' equity: Shareholders' Equity Contributed capital: Preferred shares, $0.75, cumulative (3 years in...
-
The accounts and related balances of Labelle Systems Ltd. are arranged in no particular order: Required 1. Prepare the company's classified balance sheet in report format at June 30, 2017. 2. Compute...
-
Sophia operates a large singing school with 22 employees. She receives advance fee payments from students in respect of each course (a course consists of 26 lessons). If a student does not attend all...
-
What role does agency play in the Hypodermic Model of Communication? Long after the model has been abandoned by experts in persuasion and mass media, why does this model live on as common sense?
-
Daniel is a resident individual who carries on a retail business but does not use the SBE method of accounting for income in his business. On 30 June of the current tax year he had trade debtors of...
Study smarter with the SolutionInn App