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Determine the amount of cash paid to bondholders for bond interest for each of the six independent situations below. All dollars are in millions.
Determine the amount of cash paid to bondholders for bond interest for each of the six independent situations below. All dollars are in millions. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Answer is complete but not entirely correct. Interest Situation Expense Interest Payable Increase (Decrease) Unamortized Discount Increase (Decrease) Cash Paid for Interest 1 18.5 0 0 18.5 2 18.5 3.9 0 14.6 3 18.5 (3.9) 0 22.4 4 18.5 0 (2.1) 20.6 x 5 18.5 3.9 (2.1) 16.7 x 6 18.5 (3.9) (2.1) 24.5 x
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