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P 14-2 Effective interest; financial statement effects LO14-2 On January 1, 2016, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The
P 14-2 Effective interest; financial statement effects LO14-2 On January 1, 2016, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2016? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended Sep- tember 30, 2016? 3. What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2016? In which section(s) should the amount(s) appear
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