accounting question hendricks
Identify and explain any ethical considerations as they relate to best practices followed by the consultant.
October 8, 2021Week 5 Discussion PHE4055 Public Health Planning and Evaluation
October 8, 2021accounting question hendricks
Hendricks Corporation purchased trading investment bonds for $50,000 at par. At December 31, Hendricks received annual interest of $2,000, and the fair value of the bonds was $47,400.
Prepare Hendricks’ journal entries for (a) the purchase of the investment, (b) the interest received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.)
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