(Solution) 14-2 On January 1, 2011, Baddour, Inc., Issued 10% Bonds With A Face Amount Of $160 Million. The Bonds Were Priced At $140 Million To Yield 12%. | Snapessays.com


(Solution) 14-2 On January 1, 2011, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%.


14-2 On January 1, 2011, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30.

 

 

Required:

 

 

1 What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2011?

 

2 What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 30, 2011?

 

3 What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2011? In which section(s) should the amount(s) appear?

 


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This question was answered on: May 23, 2022

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