6 Company Baldwin invested $54,960,000 in plant and equipment last year The plant investment was funded with bonds at a face value of $34,211,438 at 13 5 interest, and equity of $20,748,562 Depreciation is 15 years straight line For this transaction alone which of the following statements are true Select 5 Save Answer On the Balance sheet, Plant Equipment increased by $54,960,000 On the Balance sheet, Long Term Debt changed by $34,211,438 Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $20,748,562, the difference between the investment $54,960,000 and the bond $34,211,438 Depreciation increased by $3,664,000 Buving the plant had no net effect on the Cash account because the plant was paid for by the bond plus retained earnings Cash went up when the Bond was issued by $34,211,438 Cash went down by $54,960,000 when the plant was purchased Cash was pulled from retained earnings to cover the $20 748 562 difference between the plant purchase and bond issue 6 Company Baldwin invested $54,960,000 in plant and equipment last year The plant investment was funded with bonds at a face value of $34,211,438 at 13 5 interest, and equity of $20,748,562 Depreciation is 15 years straight line For this transaction alone which of the following statements are true Select 5 Save Answer On the Balance sheet, Plant Equipment increased by $54,960,000 On the Balance sheet, Long Term Debt changed by $34,211,438 Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $20,748,562, the difference between the investment $54,960,000 and the bond $34,211,438 Depreciation increased by $3,664,000 Buving the plant had no net effect on the Cash account because the plant was paid for by the bond plus retained earnings Cash went up when the Bond was issued by $34,211,438 Cash went down by $54,960,000 when the plant was purchased Cash was pulled from retained earnings to cover the $20 748 562 difference between the plant purchase and bond issue

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6. Company Baldwin invested $54,960,000 in plant and equipment last year. The plant investment was funded with bonds at a face value of $34,211,438 at

6. Company Baldwin invested $54,960,000 in plant and equipment last year. The plant investment was funded with bonds at a face value of $34,211,438 at 13.5% interest, and equity of $20,748,562. Depreciation is 15 years straight line. For this transaction alone which of the following statements are true?

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On the Balance sheet, Plant & Equipment increased by $54,960,000.

On the Balance sheet, Long Term Debt changed by $34,211,438.

Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $20,748,562, the difference between the investment $54,960,000 and the bond $34,211,438.

Depreciation increased by $3,664,000.

Buving the plant had no net effect on the Cash account. because the plant was paid for by the bond plus retained earnings

Cash went up when the Bond was issued by $34,211,438.

Cash went down by $54,960,000 when the plant was purchased.

Cash was pulled from retained earnings to cover the $20.748.562 difference between the plant purchase and bond issue