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HAPPY 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

HAPPY 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 ...

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