On January 1,20X9,Stack 'Em Up Acquired a $550,000 Face Value

question 93

Essay

On January 1,20X9,Stack 'em Up acquired a $550,000 face value bond.The bond has a 10% coupon rate and pays interest semi-annually every June 30 and December 31.The bond matures in 10 years.Stack 'em Up acquired the bond at a price that would yield 8%.Using the present value tables,determine the balance sheet presentation of the bond on the December 31,20X9,balance sheet of Stack 'em Up.The company plans to hold the bond until maturity.The company uses the effective interest method of discount or premium amortization.

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Definitions:

Continuum Of Care

Care given in a variety of settings from the onset of the health challenge to the point at which the recipient of care no longer requires it.

One Primary Caregiver

The concept of assigning one main individual to be responsible for the majority of care and emotional support for a child or dependent, aiding in their sense of security and attachment.

Reduced Wait Times

A healthcare goal or objective aimed at decreasing the amount of time patients wait for services, enhancing patient satisfaction and access to care.