Question: Problem 1 4 - 2 4 ( Algo ) Accrued interest; effective interest; financial statement effects [ Appendix 1 4 A ] On March 1
Problem Algo Accrued interest; effective interest; financial statement effects Appendix A
On March Baddour, Incorporated, issued bonds, dated January with a face amount of $ million.
The bonds were priced at $ million plus accrued interest to yield
The price if issued on January would have been $ million.
Interest is paid semiannually on June and December
Baddour's fiscal year ends September
Required:
to What would be the amounts related to the bonds Baddour would report in its balance sheet, income statement and statement
of cash flows for the year ended September
Note: Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign.
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