Question
On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $172 million. The bonds were priced at $150.9
On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $172 million. The bonds were priced at $150.9 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? (Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign.
15 5 On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $172 million. The bonds were priced at $150.9 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. 10 points 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.) eBook Ask Print References Balance sheet: Bonds payable (net) Income statement: Statement of cash flows
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