Crane Company purchased $2400000 of 9%, 5-year bonds from Swifty, Inc. on January 1, 2025 with interest payable on July 1 and January 1. The bonds sold for $2499792 at an effective interest rate of 8%. Using the effective-interest method, Crane decreased the Available-for-Sale Debt Securities account for the Swifty bonds on July 1, 2025 and December 31, 2025 by the amortized premiums of $9420 and $9780, respectively. At December 31, 2025, the fair value of the Swifty bonds was $2580000. What should Crane report as other comprehensive income and as a separate component of stockholders' equity? $80208. $99408. O $19200. No entry should be made.

Q: Classify the Costs for Financial Statements?

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: Do not use Ai

A: To solve this problem, we need to calculate the present value of a 3-year note with an 8% annual…

Q: what are the charatristics of accounting

A: The answer is as fallows

Q: What is agency promblem in financial terms?

A: Agency problem is the conflict arises in the interest inherent in any relationship, in which one…

Q: How to prepare pro-forma income statement?

A: Income statement is a statement which shows all incomes, expenses for calculation of net profit or…

Q: What are the measure of outputs in accounting?

A: The objective of this question is to understand the various measures of outputs in the field of…

Q: what the difference between accounting income and economic income?

A: Accounting income can be defined as an estimate of the performance in the operations of the company.…

Q: Required information Skip to question [The following information applies to the questions displayed…

A: Segment reporting breaks down the operations of a company into manageable pieces, or segments.…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.