Question: Problem 14-25 Accrued interest; effective interest financial statement effects [Appendix A] On March 1, 2018, Baddour, Inc., issued 12% bonds, dated January 1, with face
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Problem 14-25 Accrued interest; effective interest financial statement effects [Appendix A] On March 1, 2018, Baddour, Inc., issued 12% bonds, dated January 1, with face amount of $163 million. The bonds were priced at $142.2 million (plus accrued interest) to yield 14%. Interest is paid semiannually on June 30 and December 31, Baddour's fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September 30, 2018? (Enter your answers in whole dollars. Negative amounts should be indicated by a minus sign.) Balance sheet: Income statement: Statement of cash flows
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