At December 31,2011, Newman Engineerings liabilities include the following $10 million of 9%...
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Accounting
At December Newman Engineerings liabilities include the following $ million of bonds, issued for $ million on May The bonds mature on May but bondholders have the option of calling demanding payment on the bonds on May However, the option to call is not expected to be exercised, given prevailing market conditions. The liability should be reported in the December balance sheet as
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