Required information APA-2 (Algo) Recording Passive Investments LO A-1 [The following information applies to the questions displayed below] On October 1, 20X1, Hill-Nielsen purchased at par $170,500, 4 percent, bonds of Community Communications Company. The bonds pay interest quarterly on March 31, June 30, September 30, and December 31. Hill-Nielson Corporation's year ends on December 31. The following information applies to the fair value of Community Communications' bonds: Bond Price $173,400 168,300 165,200 Hill-Nielson sold the bonds on March 17, 20X4, for $164,050 12/31/20x1 12/31/20X2 12/31/2003 APA-2 Part 1 Required: 1. Prepare the entry to record interest received on December 31, 20-1. uent select "No journal entry required" in the first account field.

Required information Skip to question [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Segments Red $ 1,817 22 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense (92) Income tax expense (savings) 147 Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? Note: Enter your answer in dollars but not in thousands. 620 145 Blue Green Pink Black White $ 818 $520 $315 $127 $ 105 97 115 0 308 71 385 408 318 172 87 65 93 88 67 22 55 323 98 48 37 68 20 11 (70) 0

Distinguish between Income and Expenditure Account and Receiptand Payment Account.

Differentiate the Revenue Cycle and Expenditure cycle