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13.07.2022 - 12:00

Assume you purchased a bond for $9,500. The bond pays $300 interest every 6 months. You sell the bond after 18 months for $10,000. Calculate the following: a. Income. b. Capital gain or loss. c. Total

Question:

Assume you purchased a bond for $9,500. The bond pays $300 interest every 6 months. You sell the bond after 18 months for $10,000.

Calculate the following:

a. Income.

b. Capital gain or loss.

c. Total return in dollars and as a percentage of the original investment.

Answers (0)

Sondra April 10, 2023 в 02:04

Yes, the financial statements would be affected if the closing process were not completed. The closing process involves the identification and recording of all transactions and adjustments necessary to accurately reflect a company's financial position at the end of an accounting period. If this process is not completed, the financial statements will not accurately reflect the company's financial position, performance, and cash flows during the period. This could result in inaccurate financial statements that could mislead investors and creditors, causing them to make poor decisions based on incomplete or inaccurate information. Therefore, it is critical to complete the closing process to ensure that the financial statements provide an accurate representation of the company's financial position.

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