Did Delta have to disclose the market value of bonds in financial statements? a. No b. Yes, in footnotes c. Yes, in footnotes and on the face balance sheet d. Yes, but only if they can compute a market value. Part C. The following bond information was disclosed by Delta Airlines in the footnotes to the 10K.(in millions)Total debt at par valueUnamortized discount and debt issuance cost, netNet carrying amountFair value2017$8,539(99)$8,440$8,7002016$7,112(104)$7,008$7,300

A bond is an instrument that is a type of loan given by an investor to a borrower. It gives a fixed…

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Business

Accounting

Did Delta have to disclose the market value of bonds in financial statements?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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