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On January 1, 2021, Baddour, Inc., issued 10%, 12-year bonds with a face amount of $177 million. The bonds were priced a
Posted: Sun Jul 03, 2022 3:55 pm
by answerhappygod
- On January 1 2021 Baddour Inc Issued 10 12 Year Bonds With A Face Amount Of 177 Million The Bonds Were Priced A 1 (33.49 KiB) Viewed 13 times
On January 1, 2021, Baddour, Inc., issued 10%, 12-year bonds with a face amount of $177 million. The bonds were priced at $155 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, 2021? 2. What amount(s) related to the bonds would Baddour report in its income
statement for the year ended September 30, 2021? 3. What amount(s) related to the bonds would Baddour report in its
statement of cash flows for the year ended September 30, 2021? In which section(s) should the amount(s) appear? (For all requirements, enter your answers in whole dollars.) 1. Net bonds payable Interest payable 2. Interest expense for fiscal 2021 3 Sale of bonds Cash interest paid