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2. NIGHTINGALE Company issued 2,000 of its P3,000 face amount bonds when market rates averaged 10% on January 1,2023 . The bonds bear interest of
2. NIGHTINGALE Company issued 2,000 of its P3,000 face amount bonds when market rates averaged 10% on January 1,2023 . The bonds bear interest of 8%, payable every December 31 of each year until December 31, 2029, its maturity date. Interest expense for the year 2025 shall be a. P480,000 b. P541,579 c. P547,737 d. P554,511 Carrying amount of the bonds as of December 31,2026 shall be a. P5,545,105 b. P5,619,616 c. P5,701,578 d. P5,791,736
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