On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $165 million. The bonds were priced at $144.6 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31. Baddour’s fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September 30, 2021?
On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $165 million. The bonds were priced at $144.6 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31. Baddour’s fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September 30, 2021?
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4EB: Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market...
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On March 1, 2021, Baddour, Inc., issued 12% bonds, dated January 1, with a face amount of $165 million. The
Required:
1. to 3. What would be the amount(s) related to the bonds Baddour would report in its
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