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3. Carrying value of bonds payable at December 31, 2007 a. P455, 054 c. P460, 631 b. P400, 000 d. P575, 789 Solution: Carrying value

3. Carrying value of bonds payable at December 31, 2007 a. P455, 054 c. P460, 631 b. P400, 000 d. P575, 789 Solution: Carrying value of bonds, Dec. 31, 2007 (575, 790x400/500) P460, 631 4. Accrued int...

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