Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2017.

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2017.

4.

To determine

State the amount of current yield at December 31, 2017 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.