On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of $160 million. • The bonds were priced at $142.50 million (plus accrued interest) to yield 12%. • The price if issued on January 1 would have been $139.75 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) Income statement: Interest expense Statement of cash flows: Financing activities Operating activities

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount
of $160 million.
●
●
●
●
The bonds were priced at $142.50 million (plus accrued interest) to yield 12%.
The price if issued on January 1 would have been $139.75 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)
Income statement:
Interest expense
Statement of cash flows:
Financing activities
Operating activities
Transcribed Image Text:On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of $160 million. ● ● ● ● The bonds were priced at $142.50 million (plus accrued interest) to yield 12%. The price if issued on January 1 would have been $139.75 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) Income statement: Interest expense Statement of cash flows: Financing activities Operating activities
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