Use the Following Information for Questions

question 113

Short Answer

Use the following information for questions
On January 1, 2021, Marianne Corp.purchased $50,000, of Robin Ltd.'s 4%, 10-year bonds for $48,000, since the market interest rate was approximately 4.5%.The bonds pay interest on January 1 and July 1.Marianne has a calendar year end, and classified the bonds as long-term investments.The fair value on December 31, 2021 was $48,500.Marianne sold the bonds on January 2, 2022 for $48,500.
-The entry for the sale of the bonds on January 2, 2022 is

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Definitions:

Existing Competitors

Companies or entities that currently operate in the same market or industry as the subject company, offering similar products or services.

Consolidation Stage

A phase in the market cycle or an individual security's behavior marked by limited price movement and the accumulation or distribution of shares, preceding a breakout or breakdown.

Industry Growth

The rate at which a specific industry or sector expands its production or capacities, often measured in terms of revenue or volume increase.

Industry Life Cycle

The progression of an industry through various stages including introduction, growth, maturity, and decline, which can influence companies' strategic planning.