(Long-Term Debt Disclosure) At December 31, 2010, Redmond Company has outstanding three long-term debt issues. The first...
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(Long-Term Debt Disclosure) At December 31, 2010, Redmond Company has outstanding three long-term debt issues. The first is a $2,000,000 note payable which matures June 30, 2013. The second is a $6,000,000 bond issue which matures September 30, 2014. The third is a $12,500,000 sinking fund debenture with annual sinking fund payments of $2,500,000 in each of the years 2012 through 2016. Prepare the required note disclosure for the long-term debt at December 31, 2010.
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Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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