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During 2019, Hanael Company issued 3,000 of its 9%, P1,000 face value bonds at 102. In connection with the sale of these bonds, Hanael paid

During 2019, Hanael Company issued 3,000 of its 9%, P1,000 face value bonds at 102. In connection with the sale of these bonds, Hanael paid the following expenses:

Promotion costs     P50,000

Engraving and printing   P60,000

Underwriter's commission   P200,000


What amount should Hanael record as bond issue cost to be amortized during the term of the bonds?

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