On march 1, 2011, navy corporation used excess cash to purchase
Answer each of the following 10 questions. Show all work. Each answer Is worth 10 points. 1. On March 1, 2011, Navy Corporation used excess cash to purchase U.S. Treasury bonds for $103,000 plus accrued interest. The appropriate interest rate is 6. Interest on these bonds is payable on January 1 and July 1 of each year. Navy’s investment is accounted for as held to […]