1 answer

Sun Corporation buys and sells debt securities which it classifies as trading securities.The company's fiscal year...

Question:

Sun Corporation buys and sells debt securities which it classifies as trading securities.The company's fiscal year ends on December 31.On Decenber 27,2021,Sunshine purchased Northern
Communications bonds at par for$520,000.At December 31,the bonds had a fair value of 574,000.On January 3,2022,the bonds were sold for$607,000.The amount included in 2022 net
income as a result of this investment would be:

Answers

For the year ended December 31, 2022 the company will show a profit of 607000-574000

That is of 33000,

Income will be calculated from the last fair value to sale price.

.

Similar Solved Questions

1 answer
Men are less likely to face emotional problems than women. Which factors may make men less...
Men are less likely to face emotional problems than women. Which factors may make men less likely to seek help? What do you normally do when you are faced with difficult issues? How did you learn these behaviors? Are there “rules” that men adopt for dealing with emotions? Do you think th...
1 answer
You are to do a cash-flow and then net present value analysis of a car purchase....
You are to do a cash-flow and then net present value analysis of a car purchase. You have a choice beween a Chevrolet Bolt electric car costing $35,000 (after tax incentives) that has an electric motor efficiency of 4.2 miles per kWh (6.7 km/kWh), and a Honda Civic Hybrid that costs $25,000 and has ...
1 answer
Review Problem 10.046 A gas has a volume of 256 mL at 715 torr. What volume...
Review Problem 10.046 A gas has a volume of 256 mL at 715 torr. What volume will the gas occupy at 367 torr if the temperature of the gas doesn't change V2 = ml the tolerance is +/-9%...
1 answer
Question 10 1 pts You want to buy a new sports coupe for $71,426, and the...
Question 10 1 pts You want to buy a new sports coupe for $71,426, and the finance office at the dealership has quoted you a loan with an APR of 7.41 percent for 58 months to buy the car. What will your monthly payments (in $) be? Answer to two decimals....
1 answer
The following questions are worth 6 points each. 21) Solve the following utility function to be...
The following questions are worth 6 points each. 21) Solve the following utility function to be optimized. Only consider they are looking for an interior solution: (10pts) U(X1,x2) = 1 ln(x) + 2 In(x2) MU(x)= 1/ MU(X) = 2/2 Subject to the budget constraint: 500 = 2 + xy +4.X2 a. Find the optimal con...
1 answer
Prob 15 a Steel plate shear strength = 20 ksi, o, = 36 Ksi. Allowable hardened...
Prob 15 a Steel plate shear strength = 20 ksi, o, = 36 Ksi. Allowable hardened steel punch stress 021= 60 Ksi Find the thickest plate in which a 1.5” dia hole can be punched. I b. How is the shear strength of steel typically measured?...
1 answer
How are the principles of inheritance demonstrated through the use of Genetically Modified Foods? Do the...
How are the principles of inheritance demonstrated through the use of Genetically Modified Foods? Do the benefits weigh against the risk for our society? How about societies across the globe?...
1 answer
Question d,e,f,g please! = [1] 3. (14 points) Let a = and C be the unit...
question d,e,f,g please! = [1] 3. (14 points) Let a = and C be the unit circle in R2, that is, C = {i e R2 : || F || = 1}. Let T : R2 + R2 be the transformation given by T(x)=vcompax and S: R2 → R2 be the transformation given by S(x)= ř+å (a) (2 points) Show that T is a linea...
1 answer
37. Identify the following as hemiacetal or acetal. (2 marks) a. -CHE b. -CHE H3C- OH...
37. Identify the following as hemiacetal or acetal. (2 marks) a. -CHE b. -CHE H3C- OH H9C- H CHE...
1 answer
Please complete the JOURNAL ENTRY to record the manufactured goods completed during this year Line Following...
please complete the JOURNAL ENTRY to record the manufactured goods completed during this year Line Following information applies 10 me questions Urspido Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw sater...
1 answer
5.) Tunneling Effect (14 pts.) In Rutherford scattering, a proton of kinetic energy 10 MeV undergoes...
5.) Tunneling Effect (14 pts.) In Rutherford scattering, a proton of kinetic energy 10 MeV undergoes a head-on collision with an uranium nucleus. Assume the nucleus to form a square electric potential barrier of height 13 MeV and width 10 fm. (a) Calculate the penetration depth of the proton (in fm)...
1 answer
Explain if Lyndon Johnson presidency was a success, failure of both. How did his presidency compare...
Explain if Lyndon Johnson presidency was a success, failure of both. How did his presidency compare to JFK presidency?...
1 answer
Two long wires carrying 2.4-A current in opposite directions are 0.010m apart. What is the force...
Two long wires carrying 2.4-A current in opposite directions are 0.010m apart. What is the force per unit length of each wire? Answer: x10-4 N/m Is the force between the wires attractive or repulsive? Answer:...
1 answer
Twenty different statistics students are randomly selected. For each of them, their body temperature (C) is...
Twenty different statistics students are randomly selected. For each of them, their body temperature (C) is measured and their head circumference (cm) is measured a. For this sample of paired data, what does r represent, and what does p represent? b. Without doing any research or calculations, estim...
2 answers
(Just need help with part F) File_size_(MB) Time_(sec) 77 31.1 93 35.1 85 35.3 94 35.7...
(Just need help with part F) File_size_(MB) Time_(sec) 77 31.1 93 35.1 85 35.3 94 35.7 20 14.4 74 28.9 68 29.6 88 33.5 42 21.7 20 15.3 72 28.4 24 11.5 95 35.7 59 25.6 93 36.6 71 29.1 87 34.3 92 37.2 90 35.6 67 26.8 87 32.6 83 31.2 80 34.1 57 22.8 52 25.4 76 28.9 96 38.7 70 31.8 59 24.2 57 28.1 B...
1 answer
14. Problem 6.13 Click here to read the eBook: The Determinants of Market Interest Rates DEFAULT...
14. Problem 6.13 Click here to read the eBook: The Determinants of Market Interest Rates DEFAULT RISK PREMIUM The real risk-free rate, r, is 2.8 %. Inlation is expected to average 2.55 % a year for the next 4 years, after which time Inflation is expected to average 2.65% a year Assume that there is ...
1 answer
Of the 1,800 students enrolled in school, 55% are girls. How many students enrolled in school are girls?
Of the 1,800 students enrolled in school, 55% are girls. How many students enrolled in school are girls?...
1 answer
If a Wall Street Journal quotation for a company has the values close = 55.14 and...
if a Wall Street Journal quotation for a company has the values close = 55.14 and net change equals = +1.04, then what was the closing price for the stock for the previous trading Day?...