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Problem 14-2 Effective interest; financial statement effects (L014-2) On January 1, 2018 Baddour, Inc issued 10 bonds with a face amount of $174 million. The
Problem 14-2 Effective interest; financial statement effects (L014-2) On January 1, 2018 Baddour, Inc issued 10 bonds with a face amount of $174 million. The bonds were priced at $1526 million to yield 12% Interest is paid semiannually on June 30 and December 31 Baddous tiscal Year ends September 30. Required: 1. What amounts related to the bonds would Bedcour report in its balance sheet at September 30, 2018 2. What amounts related to the bonds would Baddour report in its income statement for the year ended September 30, 20182 3. What amounts related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2018 In which section(s) should the amounts) appear? (For all requirements, Enter your answers in whole dollars) 9993999 SENSE 3 1. Net bonds payable interest payabia 2. Interest expense for fiscal 2018 3 Sale al tiends Cash Wrest paid 3333333333
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