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Hello Tutor, I need your help! The answer should be clearly explain and detailed works NOT ONLY The answer numbers themselves=> to help me understand.

Hello Tutor, I need your help! The answer should be clearly explain and detailed works NOT ONLY The answer numbers themselves=> to help me understand. Thank you.

Q. is:

Sold a $50 mil bond, i = 7% bond issue on Jan 1, 2x15. n=10

b. Total cash out flow through the maturity date

c. Net cash outflow = total interest expense over the life of the bonds

d. total interest expense, not of income tax (25%)

Statement of earnings for 2015

e. Bond interest expense

Statement of finance position (none-current liab.)

f. bond payable, 7%

g. unamortized discount

h, unamortized premium

i. Net liab.

Thank you

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