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On January 1, 2024, Baddour, Incorporated, issued 10%, 12-year bonds with a face amount of $175 million. The bonds were priced at $153 million to
On January 1, 2024, Baddour, Incorporated, issued 10%, 12-year bonds with a face amount of $175 million.
- The bonds were priced at $153 million to yield 12%.
- Interest is paid semiannually on June 30 and December 31.
- Baddours fiscal year ends September 30.
Required:
- What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2024?
- What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 30, 2024?
- What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2024? In which section(s) should the amount(s) appear?
Note: For all requirements, enter your answers in whole dollars.
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