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only answer Req5. please show detail. Thank you Check my work Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $60 million of 6% bonds,

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only answer Req5. please show detail. Thank you
Check my work Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $60 million of 6% bonds, dated January 1, on January 1, 2018. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 8%. The price paid for the bonds was $46 million. Interest is rece d semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $50 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report itsinvestment in the December 31, 2018, balance sheet? 4-b. Prepare any entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2018 statement of cash flows be affected by this investment? Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4A Req 4B Req 5 How would Fuzzy Monkey's 2018 statement of cash flows be affected by this investment? (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) Operating cash flow $ 42.4 million outflow Investing cash flow (46.0) million no effect

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