Question: accounting please answer asap! Fuzzy Monkey Technologies, Inc.. purchased as a long-term investment $200 million of 10% bonds, dated January 1, on January 1, 2016.
accounting please answer asap!

Fuzzy Monkey Technologies, Inc.. purchased as a long-term investment $200 million of 10% bonds, dated January 1, on January 1, 2016. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 12%. The price paid for the bonds was $178 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2016, was $190 million. Required: 1.to Prepare the relevant journal entries on the respective dates {record the 3. interest at the effective rate}. (If no entry is required for a transactioni'event, select "No journal entry required" in the rst account eld. Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places, {i.e., 5,500,000 should be entered as 5.50).) View transaction list 0 Record the Fuzzy Monkey's investment in bonds on January 1, 2016. 2 Record the interest revenue on June 30, 2016. 3 Record the interest revenue on December 31, 2016. Note : O = journal entry has been entered Record entry Clear entry View general journal 4. At what amount will Fuzzy Monkey report its investment in the December 31, 2016. balance sheet? {Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. (i.e.. 5.500.000 should be entered as 5.50).) 5. How would Fuzzy Monkey's 2016 statement of cash ows be affected by this investment? (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place. [i.e.. 5.500.000 should be entered as 5.5!.) cash ow ow
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