Anthem Corporation has excess cash to invest and pays $200,000 to buy 7%, five-year bonds of Richmond Corporation, at face value, on June 30, 2016
The bonds pay interest on June 30 and December 31. At the date of purchase, Anthem intended to hold the bonds to maturity. The bonds are disposed of, at face value, on June 30, 2021.
Prepare the journal entry for (omit the explanation) June 30, 2021 (assume that the last interest payment has already been recorded).
What will be an ideal response
2021
June 30 Cash 200,000
Long-term Investments — Held-to-Maturity 200,000
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The fundamental purpose of a variable annuity is to
A) provide funding flexibility to the purchaser. B) provide a hedge against inflation. C) fund the purchase of cash value life insurance. D) guarantee a fixed-dollar benefit throughout retirement.
For each of the following Balanced Scorecard measures, identify which of the four perspectives (Financial, Customer, Internal Business Process, or Learning and Growth) the measure best represents
________ a. On-time delivery of gasoline from refineries to retail stations ________ b. Customer satisfaction ________ c. Common stock price ________ d. Return on investment ________ e. Market share ________ f. Number of days lost to accidents ________ g. Employee satisfaction ________ h. Friendliness of employees ________ i. Repeat purchases ________ j. Cash flow from operations