Nature Pure Corporation purchased a 2-year bond at the beginning of 2016, at a price to yield
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Question:
Nature Pure Corporation purchased a 2-year bond at the beginning of 2016, at a price to yield 3%, classified as HTM. The bond has a face value of $1,000,000, coupon rate 4%, interest paid at the end of each year. The bond is not impaired at the end of 2016.
Required
At what value is the bond reported on Nature Pure's balance sheet at the end of 2016?
Original bond cost =
2016 interest revenue =
2016 interest received =
Reduction in Investment =
Investment Balance, 12/31/16 =
Expert Answer:
To calculate the values for Nature Pure Corporations bond investment on its balance sheet at the end ... View the full answer
Related Book For 
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date:
