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52833294, 720. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk & Inaturity, the market yield is 12%. Interest
52833294, 720. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk & Inaturity, the market yield is 12%. Interest is paid seiniannually on June 30 & December 31. L) What would be the net amount of the liability Myriad would report in its balance sheet at December 31, 2016? 2) What would be the amount related to the bonds that Myriad would report in its income statement for the year ended December 31, 2016? 3) What would be the amount related to the bonds that Myriad would report in its statement of cash flows for the year ended December 31, 2016? 705,280 720 S997,683 * 2 Liability@ December 31. 2016 Bonds payable (face amt) Less: discount Initial balance, Jan 1, 2016 June 30, 2016 discount amortization Dec 31, 2016 discount amortization December 31, 2016 net liability Interest for June 30, 2016 interest expense Dec 31, 2016 interest expense Interest expense for 2016
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