Assume that the notes to Pitt Ltd.'s financial statements reported the below data about their $3,200,000 debentures on September 30, 2023. ii (Click the icon to view the financial statement data.) Required Requirement 1. Answer the questions about Pitt's long-term liabilities. a. What is the maturity value of the 6-percent debentures? What is the maturity value of the 6-percent debentures? $ 3,200,000 b. What is the carrying amount of the 6-percent debentures on September 30, 2023? 2024? (Round your answers to the nearest dollar.) What is the carrying amount of 6-percent debentures on September 30, 2023? What is the carrying amount of the 6-percent debentures on September 30, 2024? $ 2,869,261
Assume that the notes to Pitt Ltd.'s financial statements reported the below data about their $3,200,000 debentures on September 30, 2023. ii (Click the icon to view the financial statement data.) Required Requirement 1. Answer the questions about Pitt's long-term liabilities. a. What is the maturity value of the 6-percent debentures? What is the maturity value of the 6-percent debentures? $ 3,200,000 b. What is the carrying amount of the 6-percent debentures on September 30, 2023? 2024? (Round your answers to the nearest dollar.) What is the carrying amount of 6-percent debentures on September 30, 2023? What is the carrying amount of the 6-percent debentures on September 30, 2024? $ 2,869,261
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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