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On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $161 million. The bonds were priced at $140.7
On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $161 million. The bonds were priced at $140.7 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31. Baddours fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement, and statement of cash flows for the year ended September 30, 2021?
Bonds Accrued Interest and Financial State... i Saveni Help Save & Exit Submit 1 On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $161 million. The bonds were priced at $140.7 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. 8 00:14:53 Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September 30, 2021? (Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign.) Balance sheet: Interest payable Bonds payable (net) S 4,830 000 140,900,115 Income statement: Interest expense 11,560 115 Statement of cash flows: Financing activities Operating activities S 140,700.000 19.660,000) Mc Graw Prev 1 of 1 Next Bonds Accrued Interest and Financial State... i Saveni Help Save & Exit Submit 1 On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $161 million. The bonds were priced at $140.7 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. 8 00:14:53 Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September 30, 2021? (Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign.) Balance sheet: Interest payable Bonds payable (net) S 4,830 000 140,900,115 Income statement: Interest expense 11,560 115 Statement of cash flows: Financing activities Operating activities S 140,700.000 19.660,000) Mc Graw Prev 1 of 1 NextStep by Step Solution
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