Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
14. I got part 3 wrong in question 14. fix this please. 40. i got only the last part wrong (operating activities) in question 40.
14.
I got part 3 wrong in question 14. fix this please.
40.
i got only the last part wrong (operating activities) in question 40. please fix this.
14 Problem 14-23 Report bonds at fair value; quarterly reporting [LO14-6] Appling Enterprises issued 11% bonds with a face amount of $440,000 on January 1, 2018. The bonds sold for S406898 and mature 2037 20 years For bonds of similar risk and maturity the market yield was 12%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair counter market were the following March 31 June 30 September 30 December 31 $430,800 410,080 486,000 413,000 General (risk-free) interest rates did not change during 2018 Required 1. By how much will Appling's comprehensive income be increesed or decreased by the bonds (ignoring taxes) in the March 31 quarterly financial statements? 2. By how much wll Appling's comprehensive income be increased or decreased by the bonds (inoring bles inthe June 30 quarterly financial statements? 3. By how much will Appling's comprehensive income be increosed or decreased by the bonds (ignoring taxes) in the September 30 quarterly financial statements? 4.By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes) in the December 31 annual financial statements? (For all requirements, Do not round your intermediate calculations.) Answer is complete but not entirely correct. 14 March 31 June 3e September 38 December 31 $430,00e 410,000 406,800e 413,880 General (risk-free) interest rates did not change during 2018. Required 1. By how much wll Apping's cmrehensive income be increased or decreased by the bonds (ignoring taxes) in the March 31 quarterly financial statements? 2. By how much will Appling's com quarterly financial statements? prehensive income be increased or decreased by the bonds (ignoring taxes) in the June 30 hensive income be increased or decreased by the bonds (ignoring taxes) in the September 30 yno ping' comprive in come be increosed or decreased by the bonds (ignoring taxes) in the December 31 4.By how much will A annual financial statements? (For all requirements, Do not round your intermediate calculations.) 3 Answer is complete but not entirely correct. 1 Appling's comprehensive income will beed by s 23,102 2. Appling's comprehensive income will be decreased by S 4200 3. Appling's comprehensive income will be increased by 3,990 4 Appling's comprehensive income will be decreased by 54,512 Prex 14 of 50E Next > 40 Check my wor Problem 14-25 Accrued interest; effective interest financial statement effects [Appendix A] $146 4 million plus accrued interest to yield 14%, Interest is paid semiannually on June 30 and ends September 30 eBook December 31, Baddour's fiscal yer ence. Requiredi wld be the amountis) related to the bonds Baddour would report in its balance sheet income statement and statement of cash flows for the year ended September 30, 2018? (Enter your answers in whole dollars. Neg by a minus sign.) Negative amou Balance sheet nterest payable S 5,010.000 payable (net 146,671.320 income statement nterest expense 11.961 320 Statement of cash flows S 146,400 000 inancing activities ating actvites 6.690.000 Prey 40 of 50 B Net> HillStep by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started