Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is the Debt Footnote from Microsoft's 2 0 2 1 1 0 - K . Using the information in the footnote, answer the

The following is the Debt Footnote from Microsoft's 202110-K.
Using the information in the footnote, answer the following questions.
In 2009 Microsoft issued bonds in the face amount of $3.8 billion. Were the bonds issued at face, a discount or a premium?
Based on your answer above, how did you determine your response?
When will the bonds issued in 2009 mature?
Will the interest expense Microsoft reports on their income statement be more or less than the cash payments made for interest on this debt?
In which section on the statement of cash flows (Operating, Investing, or Financing) would the cash payments for interest be included?
PARTIIItem8
NOTE 11- DEBT
The components of debt were as follows:
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions