User Account

All Pages

Baddour report in its statement of cash flows

Assignment Help Accounting Basics
Reference no: EM13881182

1.On January 1, 2013, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 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, 2013?
2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September 30, 2013?
3. What amount(s) related to the bonds would Baddour report in its statement of cash flows for the year ended September 30, 2013? In which section(s) should the amount(s) appear?

Reference no: EM13881182

Questions Cloud

Calculate the rate of return when futures price : uppose John short sells (=writes) Apple put option to Mary. Is this identical to John buying Apple call option from Mary? Please explain in detail why they are the same or different. A company enters into 5 long January futures contracts of wheat. Th..
Proposed cost-saving device has an installed cost : A proposed cost-saving device has an installed cost of $680,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax purposes. The device has an estimated Year 5 salvage value of $75,000. What level o..
Identify an internal control procedure that would reduce : Identify an internal control procedure that would reduce each of the risks that follow in a manual system. Also describe how (or if) an IT system could reduce these risks Student responses may vary, as more that one control may apply to risk reduc..
Corporate bond sold to investors : A 30-year corporate bond sold to investors at par ($1000) with a 10 percent coupon rate is called sixteen years later at a 12 percent call premium. At the time of call, prevailing rates on comparable securities were 8 percent. If the bond's holder re..
Baddour report in its statement of cash flows : 1.On January 1, 2013, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30.
Bonds holder reinvested the call price : A 30-year corporate bond sold to investors at par ($1000) with a 10 percent coupon rate is called sixteen years later at a 12 percent call premium. At the time of call, prevailing rates on comparable securities were 8 percent. If the bond's holder re..
Free cash flow has grown rapidly : Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made at the beginning of 2016 are as follows: ($ millions) 2017 2018 2019 2020 2021 Net income 1.0 2.0 3.2 3.7 4.0 Investment 1.0 1.0 1.2 1...
Describe the internal labor market of the company : Describe the internal labor market of the company in terms of job stability (staying in same job), promotion paths and rates, transfer paths and rates, demotion paths and rates, and turnover (exit) rates.
Chris hargrove is the owner of ap instant replay : Chris Hargrove is the owner of AP Instant Replay, a consignment shop for used sporting goods. Chris accepts consigned goods and offers them for sale to the general public.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Financial statement presentations relating to contract

The income to be recognized each year is based on the proportion of costs incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contract at December 31, 2010, follow:

  The standard fixed factory overhead rate is based on 100

the standard fixed factory overhead rate is based on 100 capacity of 120000 machine hours for thompson inc. the

  X company uses account analysis to estimate total overhead

x company uses account analysis to estimate total overhead costs for each month. in may when production was 1200 units

  Arcardo resources group has been in its plant facility for

arcardo resources group has been in its plant facility for 15 years. although the plant is quite functional numerous

  Cost structure of perfectly competitive firm

In the perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and its average variable cost is $20.

  On february 15 seacroft buys 7000 shares of kebo common at

on february 15 seacroft buys 7000 shares of kebo common at 28.53 per share plus a brokerage fee of 400. the stock is

  On june 1 2011 kirby inc issued 3000000 6 bonds for

on june 1 2011 kirby inc. issued 3000000 6 bonds for 2938200 which includes accrued interest. interest is payable

  Inglewood inc obtained all of the outstanding common shares

jernigan corp. had the following account balancesreceivables 96000inventory 240000land 720000building 600000liabilities

  How an activity-based cost system can be used

Explain the general process of how an activity-based cost (ABC) system can be used to manage organizational spending on resource capacity.

  Cadavieco detailings cost formula for its materials and

cadavieco detailings cost formula for its materials and supplies is 1900 per month plus 9 per vehicle. for the month of

  Explain the top five reasons private companies

Identify and explain the top five reasons private companies go public. Explain information the firm is required to provide to the investor with complete transparency.

  Define the liabilities that are definite in amount

Define the following: 1. Liabilities that are definite in amount. 2. Liabilities that must be estimated. 3. Liabilities that are contingent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd