Uestion 4 of 23 Your project requires new software. The IT department is going to research options to identify the best software to work with your project and existing infrastructure. The customer will approve their choice. In your responsibility matrix, which category would you use for the IT department for this work?

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?