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On January 1, 2024, Baddour, Incorporated, issued 10%, 12-year bonds with a face amount of $162 million. • The bonds were priced at $142 million to yield 12%. • Interest is paid semiannually on June 30 and December 31. • Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2024? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 30, 2024? 3. What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2024? In which section(s) should the amount(s) appear? Note: For all requirements, enter your answers in whole dollars. 1. Net bonds payable 1. Interest payable 2. Interest expense for fiscal 2024 3. Sale of bonds 3. Cash interest paid Answer is not complete. $ 12,792,600✔ $ 8,100,000✔✔ Outflow from operating activities

On January 1, 2024, Baddour, Incorporated, issued 10%, 12-year bonds with a face amount of $162 million. • The bonds were priced at $142 million to yield 12%. • Interest is paid semiannually on June 30 and December 31. • Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2024? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 30, 2024? 3. What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2024? In which section(s) should the amount(s) appear? Note: For all requirements, enter your answers in whole dollars. 1. Net bonds payable 1. Interest payable 2. Interest expense for fiscal 2024 3. Sale of bonds 3. Cash interest paid Answer is not complete. $ 12,792,600✔ $ 8,100,000✔✔ Outflow from operating activities

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 16E
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On January 1, 2024, Baddour, Incorporated, issued 10%, 12-year bonds with a face amount of $162 million. • The bonds were priced at $142 million to yield 12%. • Interest is paid semiannually on June 30 and December 31. • Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2024? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 30, 2024? 3. What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2024? In which section(s) should the amount(s) appear? Note: For all requirements, enter your answers in whole dollars. 1. Net bonds payable 1. Interest payable 2. Interest expense for fiscal 2024 3. Sale of bonds 3. Cash interest paid Answer is not complete. $ 12,792,600✔ $ 8,100,000 Outflow from operating activities
Transcribed Image Text:On January 1, 2024, Baddour, Incorporated, issued 10%, 12-year bonds with a face amount of $162 million. • The bonds were priced at $142 million to yield 12%. • Interest is paid semiannually on June 30 and December 31. • Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2024? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 30, 2024? 3. What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2024? In which section(s) should the amount(s) appear? Note: For all requirements, enter your answers in whole dollars. 1. Net bonds payable 1. Interest payable 2. Interest expense for fiscal 2024 3. Sale of bonds 3. Cash interest paid Answer is not complete. $ 12,792,600✔ $ 8,100,000 Outflow from operating activities
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