On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of $160 million. The bonds were priced at $141.00 million (plus accrued interest) to yield 12%. The price if issued on January 1 would have been $138.25 million. 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, 2024? Note: Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign. Balance sheet Bonds payable (net) Interest payable Income statement Intefest expense Statement of cash flows: $160,000,000 1,600,000

On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of $160 million. The bonds were priced at $141.00 million (plus accrued interest) to yield 12%. The price if issued on January 1 would have been $138.25 million. 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, 2024? Note: Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign. Balance sheet Bonds payable (net) Interest payable Income statement Intefest expense Statement of cash flows: $160,000,000 1,600,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 7MCQ

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