Did Delta have to disclose the market value of bonds in financial statements?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.3.3MBA
Related questions
Question
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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 facebalance 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 value
Unamortized discount and debt issuance cost, net
Net carrying amount
Fair value
2017
$8,539
(99)
$8,440
$8,700
2016
$7,112
(104)
$7,008
$7,300](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9061fc5f-eb31-453e-81fe-f41845e2cd95%2Fdda6c454-4cfe-41dc-80e6-fd131b50fee1%2F6quivzs_processed.png&w=3840&q=75)
Transcribed Image Text:Part C. The following bond information was disclosed by Delta Airlines in the footnotes to the 10K.
(in millions)
Total debt at par value
Unamortized discount and debt issuance cost, net
Net carrying amount
Fair value
2017
$8,539
(99)
$8,440
$8,700
2016
$7,112
(104)
$7,008
$7,300
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