dated January 1 , 2014 , and pay interest on June 30 and December 31 . What is the total cash received on the issue date ?
11 ) Where is debt callable by the creditor reported on the debtor ' s financial statements ?
12 ) Sawyer Company self-insures its property for fire and storm damage . If the company were to obtain insurance on the property , it would cost them $ 1,500,000 per year . The company estimates that on average it will incur losses of $ 1,200,000 per year . During 2014 , $ 525,000 worth of losses were sustained . How much total expense and / or loss should be recognized by Sawyer Company for 2014 ?