This morning, jeff found an aged bond certificate lying on the street. he picked it up and noticed that it was a 50-year bond that matured today. he presented the bond to the bank teller at his local bank and received payment for both the entire principal and the final interest payment. the bond that jeff found must have been which one of the following debenture

callable bond

registered-form bond

note

bearer-form bond

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

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?