The balance sheet at December 31, 2021, for Nevada Harvester
Corporation includes the liabilities listed below:
Required:
1. For each liability listed above, what amount
will be reported as a current liability and as a noncurrent
liability on the December 31, 2021 balance sheet?
2. Prepare the liability section of a classified
balance sheet for Nevada Harvester at December 31, 2021. Accounts
payable and accruals are $25 million.
The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below:...
The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below: 12% bonds with a face amount of $48 million were issued for $48 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2022, at a redemption price of $48 million. Market conditions are such that the call is not expected to be exercised. Management intended to refinance...
The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below: a. 12% bonds with a face amount of $37 million were issued for $37 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on the bonds on October 31, 2022, at a redemption price of $37 million. Market conditions are such that the call is not expected to be exercised. b. Management intended...
The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below: a. 13% bonds with a face amount of $25 million were issued for $25 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on the bonds on October 31, 2022, at a redemption price of $25 million. Market conditions are such that the call is not expected to be exercised. b. Management intended...
The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below: a. 9% bonds with a face amount of $53 million were issued for $53 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on the bonds on October 31, 2022, at a redemption price of $53 million. Market conditions are such that the call is not expected to be exercised. b. Management intended...
The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below: a. 9% bonds with a face amount of $32 million were issued for $32 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2022, at a redemption price of $32 million. Market conditions are such that the call is not expected to be exercised. b. Management intended to refinance...
The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below: a. 11% bonds with a face amount of $40 million were issued for $40 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on the bonds on October 31, 2022, at a redemption price of $40 million Market conditions are such that the call is not expected to be exercised, b. Management intended...
The balance sheet at December 31, 2018, for Nevada Harvester Corporation includes the liabilities listed below: 8% bonds with a face amount of $50 million were issued for $50 million on October 31, 2009. The bonds mature on October 31, 2029. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2019, at a redemption price of $50 million. Market conditions are such that the call is not expected to be exercised. Management intended to refinance...
3 The balance sheet at December 31, 2018, for Nevada Harvester Corporation includes the liabilities listed below: a. 8% bonds with a face amount of $50 million were issued for $50 million on October 31, 2009. The bonds mature on October 31, 2029. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2019, at a redemption price of $50 million. Market conditions are such that the call is not expected to be exercised. b. Management...
page 758 P 13-3 Current-noncurrent classification of debt .LO13-1, LO13-4 The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below: a. 11% bonds with a face amount of 540 million were issued for $40 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on the bonds on October 31, 2022, at a redemption price of $40 million. Market conditions are such that the...
Liabisties and Con Saved Help Save & Exit Check s Problem 13-3 (Static) Current-noncurrent classification of debt [LO13-1, 13-4 The balance sheet at December 31, 2021, for Nevada Harvester Corporation includes the liabilities listed below a. 11% bonds with a face amount of $40 million were issued for $40 million on October 31, 2012. The bonds mature on October 31, 2032. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2022, at a redemption price...