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Seybert Systems accounts for its investment in Wang Engineering as available for sale. Seybert's balance in accumulated other comprehensive income with respect to the Wang
Seybert Systems accounts for its investment in Wang Engineering as available for sale. Seybert's balance in accumulated other comprehensive income with respect to the Wang investment is a credit balance of $25,000, and Seybert reports the investment at $170,000 on its balance sheet. Seybert purchased the Wang Investment for (ignore taxes): Multiple Choice $145.000. 195,000. Cannot be determined from this information $170.000. On January 1, 2018, Legion Company sold $220,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $165,166, priced to yield 10%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice O $26.400 O $11,000 O $8.258 .258 O $6,600
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