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Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $460 million on January 1, 2021. for $407,236,160. The bonds mature
Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $460 million on January 1, 2021. for $407,236,160. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Required: Complete the table below to calculate the amounts related to the bonds that Myriad would report in its financial statements. Indicate the amounts reported on the financial statements below for the year ending December 31, 2021 Complete this question by entering your answers in the tabs below. Calculation Financial Statements Complete the table below to caloulate the amounts related to the bonds that Myriad would report in its financial statements. (Round your answers to the nearest whole dollar) Period-End Cash Interest Pald Bond Interest Expense Discount Amortization Carrying Value 01/012021 06/30/2021 12/312021 Total a $ 0 $ D Financial Statements > Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $460 million on January 1, 2021, for $407,236,160. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Required: Complete the table below to calculate the amounts related to the bonds that Myriad would report in its financial statements. Indicate the amounts reported on the financial statements below for the year ending December 31, 2021. Complete this question by entering your answers in the tabs below. Calculation Financial Statements Indicate the amounts reported on the financial statements below for the year ending December 31, 2021. (Any outflow of cash should be indicated by a minus sign. Round your answers to nearest whole dollar.) Balance sheet: Net liability Income statement Interest expense Statement of cash flows: Operating Investing Financing
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