Mountainside Coffee Company and Nature’s Cuisine, Inc., enter into a contract for a sale of coffee beans. The contract includes the term "F. O.B. Ocean City," which is the location of Nature’s Cuisine. This means that the contract is:

A) a bill of lading
B) a destination contract. C) ashipment contract. D) a warehouse receipt.

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?