ANSWERS TO QUESTIONS
SOLUTIONS TO BRIEF EXERCISES. ... X $2.50]. 2. Bonds payable of $25,000,000 and interest payable of $3,000,000 ($100,000,000 X 12% X 3/12) will be reported as a current liability. ... Over 25% of its total liabilities can be covered by the current year’s operating cash flow and its free cash flow position indicates it is easily meeting its ... ................
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