Using the data from P8-3, indicate the effects on net assets and EPS of each of the

Question:

Using the data from P8-3, indicate the effects on net assets and EPS of each of the following:
1. Issuing the bonds payable on July 1, 20Y3.
2. Interest payment on December 31, 20Y3.
3. Payment of the of the bonds at maturity.
Data from P8-3
Beaufort Vaults produces and sells burial vaults. On July 1, 20Y3, Beaufort Vaults issued $25,000,000 of 10-year, 8% bonds at par. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
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