$1$

$2$ nower

$$

eblow

$*$e

ner

Ditrences: management has the poritive intent and ablity to hold the bonds untl matarty. The maket interest rabe bleith mas ins for bonds of similar risk and maturty. Tavver$-4$NF paid $$3000$ milion for the bonds. The compary will recelve inserett ir m mually on dune $30$

Aequired: at The eflective $|$narket rite.

$3.$ A$2$ what anourt whi Tarner$-$UNF report its investment in the December $32\mathrm{.}2024,$ balanoe sheet?

$4.$ Suppose Moody bond rating agency downgraded the rak rabing of the bonds moblvating Tanner$-$Un$/$ sell the investent on January $2.2025,$ for $$3000$ milion. Reppere the joumal enty to recond the sale.

Cemplete thile evestion by antering veur anwwers in the table below.

Smel $1$ and $2$ ehloctere $($maviet$)$ rate.

thine lineta

Journal entry worksheet

$1$

$2$

$2$

pevert

sayeet

nhine

NTH$.$

$4$

Thenemen

Compliete This questien by enteriseg yeur anwwers in the tabe belew,

leme $1$ and $2$ efloctlve $($maviet$)$ rate.

Premimeat

Journal entry worksheet

$1$

$2$

len

then $4$ lien

$2$

$2$

Remer

Hepolite:

$$

$$ Ane $4|$nelerl$|$ now

Thins line

Jeurnal entry werksheet

$6$

$1$

I

Mills Corporation acquired as a long$-$term investment $$300$ million of $6\%$ bonds, dated July $1,$ on July $1,2024.$ Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate $($yield$)$ was $4\%$ for bonds of similar risk and maturity. Mills paid $$350\mathrm{.}0$ million for the bonds. The company will receive interest semiannually on June $30$ and December $31.$ As a result of changing market conditions, the fair value of the bonds at December $31,2024,$ was $$325\mathrm{.}0$ million.

points

eBook

Hint

Print

References

Required:

$1$

$2$ nower

$$

eblow

$*$e

ner

Ditrences: management has the poritive intent and ablity to hold the bonds untl matarty. The maket interest rabe bleith mas ins for bonds of similar risk and maturty. Tavver$-4$NF paid $$3000$ milion for the bonds. The compary will recelve inserett ir m mually on dune $30$

Aequired: at The eflective $|$narket rite.

$3.$ A$2$ what anourt whi Tarner$-$UNF report its investment in the December $32\mathrm{.}2024,$ balanoe sheet?

$4.$ Suppose Moody bond rating agency downgraded the rak rabing of the bonds moblvating Tanner$-$Un$/$ sell the investent on January $2.2025,$ for $$3000$ milion. Reppere the joumal enty to recond the sale.

Cemplete thile evestion by antering veur anwwers in the table below.

Smel $1$ and $2$ ehloctere $($maviet$)$ rate.

thine lineta

Journal entry worksheet

$1$

$2$

$2$

pevert

sayeet

nhine

NTH$.$

$4$

Thenemen

Compliete This questien by enteriseg yeur anwwers in the tabe belew,

leme $1$ and $2$ efloctlve $($maviet$)$ rate.

Premimeat

Journal entry worksheet

$1$

$2$

len

then $4$ lien

$2$

$2$

Remer

Hepolite:

$$

$$ Ane $4|$nelerl$|$ now

Thins line

Jeurnal entry werksheet

$6$

$1$

I

Mills Corporation acquired as a long$-$term investment $$300$ million of $6\%$ bonds, dated July $1,$ on July $1,2024.$ Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate $($yield$)$ was $4\%$ for bonds of similar risk and maturity. Mills paid $$350\mathrm{.}0$ million for the bonds. The company will receive interest semiannually on June $30$ and December $31.$ As a result of changing market conditions, the fair value of the bonds at December $31,2024,$ was $$325\mathrm{.}0$ million.

points

eBook

Hint

Print

References

Required:

$1$

$2$ nower

$$

eblow

$*$e

ner

Ditrences: management has the poritive intent and ablity to hold the bonds untl matarty. The maket interest rabe bleith mas ins for bonds of similar risk and maturty. Tavver$-4$NF paid $$3000$ milion for the bonds. The compary will recelve inserett ir m mually on dune $30$

Aequired: at The eflective $|$narket rite.

$3.$ A$2$ what anourt whi Tarner$-$UNF report its investment in the December $32\mathrm{.}2024,$ balanoe sheet?

$4.$ Suppose Moody bond rating agency downgraded the rak rabing of the bonds moblvating Tanner$-$Un$/$ sell the investent on January $2.2025,$ for $$3000$ milion. Reppere the joumal enty to recond the sale.

Cemplete thile evestion by antering veur anwwers in the table below.

Smel $1$ and $2$ ehloctere $($maviet$)$ rate.

thine lineta

Journal entry worksheet

$1$

$2$

$2$

pevert

sayeet

nhine

NTH$.$

$4$

Thenemen

Compliete This questien by enteriseg yeur anwwers in the tabe belew,

leme $1$ and $2$ efloctlve $($maviet$)$ rate.

Premimeat

Journal entry worksheet

$1$

$2$

len

then $4$ lien

$2$

$2$

Remer

Hepolite:

$$

$$ Ane $4|$nelerl$|$ now

Thins line

Jeurnal entry werksheet

$6$

$1$

I

Mills Corporation acquired as a long$-$term investment $$300$ million of $6\%$ bonds, dated July $1,$ on July $1,2024.$ Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate $($yield$)$ was $4\%$ for bonds of similar risk and maturity. Mills paid $$350\mathrm{.}0$ million for the bonds. The company will receive interest semiannually on June $30$ and December $31.$ As a result of changing market conditions, the fair value of the bonds at December $31,2024,$ was $$325\mathrm{.}0$ million.

points

eBook

Hint

Print

References

Required:

$1$

$2$ nower

$$

eblow

$*$e

ner

Ditrences: management has the poritive intent and ablity to hold the bonds untl matarty. The maket interest rabe bleith mas ins for bonds of similar risk and maturty. Tavver$-4$NF paid $$3000$ milion for the bonds. The compary will recelve inserett ir m mually on dune $30$

Aequired: at The eflective $|$narket rite.

$3.$ A$2$ what anourt whi Tarner$-$UNF report its investment in the December $32\mathrm{.}2024,$ balanoe sheet?

$4.$ Suppose Moody bond rating agency downgraded the rak rabing of the bonds moblvating Tanner$-$Un$/$ sell the investent on January $2.2025,$ for $$3000$ milion. Reppere the joumal enty to recond the sale.

Cemplete thile evestion by antering veur anwwers in the table below.

Smel $1$ and $2$ ehloctere $($maviet$)$ rate.

thine lineta

Journal entry worksheet

$1$

$2$

$2$

pevert

sayeet

nhine

NTH$.$

$4$

Thenemen

Compliete This questien by enteriseg yeur anwwers in the tabe belew,

leme $1$ and $2$ efloctlve $($maviet$)$ rate.

Premimeat

Journal entry worksheet

$1$

$2$

len

then $4$ lien

$2$

$2$

Remer

Hepolite:

$$

$$ Ane $4|$nelerl$|$ now

Thins line

Jeurnal entry werksheet

$6$

$1$

I

Mills Corporation acquired as a long$-$term investment $$300$ million of $6\%$ bonds, dated July $1,$ on July $1,2024.$ Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate $($yield$)$ was $4\%$ for bonds of similar risk and maturity. Mills paid $$350\mathrm{.}0$ million for the bonds. The company will receive interest semiannually on June $30$ and December $31.$ As a result of changing market conditions, the fair value of the bonds at December $31,2024,$ was $$325\mathrm{.}0$ million.

points

eBook

Hint

Print

References

Required: