Question

The following table was taken from the 2012 annual report of RadioShack:
Long-term debt (in millions):


a. Briefly explain the transactions entered into by RadioShack during 2012. Which financial statements were affected?
b. Approximately how much interest expense was recognized in 2012 on the 2.5 percent notes?
c. Assume that RadioShack paid $300 million to retire the 6.75 percent notes in 2012. How much gain or loss would RadioShack have recognized on the transaction? Where in the financial statements would it befound?


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  • CreatedAugust 19, 2014
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