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

  Why are bank reconcilations so important

On February 5, 2010, Tropical Connection Company, a garden retailer, purchased $25,000 of seed, terms 2/10, n/30, from Midwest Seed Co. Even though the discount period had expired, Lydia DeLay subtracted the discount of $500 when she processed the..

  Price-usage and total variance

If I were to make muffins and the blueberries for the muffins cost 2.05 per bag and I use 11 blueberries per muffin but then found out that people liked 15 berries per muffin and I found a store that sold 400 berries per bag at 1.89 per bag. How d..

  Kostco a sourdough bread manufacturer has approached olde

olde charm bakery makes sandwiches pastries cakes and cookies. currently it makes its own sourdough bread at a total

  Sam works at the enrico arpaci mens clothing boutique in

sam works at the enrico arpaci mens clothing boutique in beverly hills earning 30000 per year. at work he wears enrico

  Levine company uses the perpetual inventory system and

levine company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases.

  How has the sarbanes-oxley act of 2002 affected financial

how has the sarbanes-oxley act of 2002 affected financial reporting for publicly traded companies? do you think that

  State and local tax provisions

What are the pros and cons of the following state and local tax provisions? Be sure to include any related information regarding these types of taxes.

  Eber co uses the retail inventory method to estimate its

eber co. uses the retail inventory method to estimate its inventory for interim statement purposes. data relating to

  How might that business be operated

Generally, companies follow one of two broad strategies: offering a quality product at a low price, or offering a unique product or service priced higher than the competition. Assume you are opening a small food outlet across the street from your cam..

  Lidell awards co budgeted production of 66000 brass plaques

1. curley awards co. projected sales of 64000 brass plaques for 2010. the estimated january 1 2010 inventory is 4500

  Detmer holdings ag of zurich switzerland has just

detmer holdings ag of zurich switzerland has just introduced a new fashion watch for which the company is trying to

  Frado company provides you with following information

frado company provides you with following information related to payroll transactions for the current month. the

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