Question
On January 1, 2021, Baddour, Inc., issued 12% bonds with a face amount of $166 million. The bonds were priced at $145.4 million to awarded
On January 1, 2021, Baddour, Inc., issued 12% bonds with a face amount of $166 million. The bonds were priced at $145.4 million to awarded yleld 14%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. cored Required: 1. What amounts) related to the bonds would Baddour report in its balance sheet at September 30, 2021? 2. What amounts) related to the bonds would Baddour report in its income statement for the year ended September 30, 2021? 3. What amounts) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 20212 In which section(s) should the amount(s) appear?
Net Bonds Payable | $ |
Interest payable | $ |
interest expense for fiscal year 2021 | $ |
Sales bonds | $ |
cash interest paid | $ |
trying to figure it out, i hve the answers but idk how to get to the answers
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