Hayden Co. has outstanding $55 million face amount of 6% bonds that were issued on January 1, 2010, for $55,520,000. The 20-year bonds mature on December 31, 2029, and are callable at 102 (that is, they can be paid off at any time by paying the bondholders 102% of the face amount).

Assume that the bonds are called on December 31, 2016. Record the journal entry to show the effect of the retirement of the bonds. (Hint: Calculate the amount paid to bondholders; determine how much of the bond premium would have been amortized prior to calling the bonds; and then calculate the gain or loss on retirement.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

I have worked and reworked and it still says it is wrong.

Answer is complete but not entirely correct.

Garcia Co. has the following available-for-sale securities outstanding on December 31, 2016 (its first year of operations).

Cost Fair Value

Rossi Corp. Stock $20,000 $19,000

Barker Company Stock 9,500 8,800

Boliva Company Stock 20,000 20,600

$49,500 $48,400

During 2017, Barker Company stock was sold for $9,200, the difference between the $9,200 and the “fair value” of $8,800 being recorded as a “Gain on Sale of Investments.” The market price of the stock on December 31, 2017, was: Rossi Corp. stock $19,900; Boliva Company stock $20,500. Garcia has not early adopted ASU 2016-01,

Required:

Briefly explain ASU 2016-01. What justification is there for valuing available-for-sale securities at fair value and reporting the unrealized gain or loss as part of stockholders' equity?

How should Garcia Company apply this rule on December 31, 2016? Explain.

Did Garcia Company properly account for the sale of the Barker Company stock? Explain.

Are there any additional entries necessary for Garcia Company at December 31, 2017, to reflect the facts on the financial statements in accordance with generally accepted accounting principles? Explain.

Bott Co acquired 500 shares of Barus Co at $53 per share as a long term investment. This represents 10% of the outstanding voting shares of Barus Co. During the year, Barus paid a dividend of $3 per share. At the year-end Barus reported net income of $60,000 and its are price had risen to $55 per share.

Required

1. What method should Bott use to account for its investment in Barus?

2. Prepare a journal for the acquisition of the 500 shares of Barus Co.

3. Prepare a journal to record the journal for the receipt of the dividend from Barus Co.

4. At the year-end what amount would Bott Co. report on its balance sheet and income

   statement in respect of its investment in Barus Co?

what are the cultural, religious, racial, of Asian American ethnic group, Write a two paragraph summary of the Asian American group you are writing about. Please concentrate on their beliefs about health care, any food restrictions, and providing competent nursing care for this group.

If the American Founders established a constitutional republic designed not to include political parties, then why have parties played such an important role since the administration of President Washington to the present? What are some important insights about the dynamics of American politics that can be gained by understanding the changes and adaptations that parties have made throughout American political development? Lastly, compare and contrast any two political party realignments, discussing the similarities and differences between the two in terms of critical elections, presidential leadership, cleavage issues, and partisan shifts within the electorate?

Answer the following questions regarding the effects of indirect intervention.
Suppose that the government of Chile reduces one if its key interest rates. The values of several other Latin American currencies are expected to change substantially against the Chilean peso in response to the news.
a. Why could other Latin American currencies be affected by a cut in Chile's interest rates? (10 points)
b. How would the central banks of other Latin American countries likely adjust their interest rates? How would the currencies of these countries respond to the central bank intervention?

The average American eats 1.5 cups of vegetables a day (may not be accurate). A researcher is interested in whether teenagers eat less vegetables on average than does the average American. She takes a sample of 25 teenagers and asks how much vegetables they eat. She finds that the mean amount of vegetables her subjects eat a day is 1.1 cups with a standard deviation of 0.5. What would be the appropriate test for the researcher to use to test whether teenagers actually do eat less vegetables than the average American at an alpha level of .01?

The average American eats 1.5 cups of vegetables a day (may not be accurate). A researcher is interested in whether teenagers eat less vegetables on average than does the average American. She takes a sample of 25 teenagers and asks how much vegetables they eat. She finds that the mean amount of vegetables her subjects eat a day is 1.1 cups with a standard deviation of 0.5. What would be the appropriate test for the researcher to use to test whether teenagers actually do eat less vegetables than the average American at an alpha level of .01?