Question
HAPHAZARD BY CHANCE Co. issued 12%, P4,000,000 bonds on January 1, 20x1 at a price that reflects a yield rate of 10%. The bonds, which
HAPHAZARD BY CHANCE Co. issued 12%, P4,000,000 bonds on January 1, 20x1 at a price that reflects a yield rate of 10%. The bonds, which are term bonds, mature on December 31, 20x3. How much is the carrying amount of the bonds in HAPHAZARD Co.'s first quarter financial statements covering the months of January to March 20x1?
a. 4,198,948
b. 4,303,921
c. 4,183,923
d. 4,404,314
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
