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help me please thank you 1) On May 1, 2019, Raiders Company issued P2,000,000, 10 years, 9% bonds at 105 including accrued interest. These bonds
help me please thank you
1) On May 1, 2019, Raiders Company issued P2,000,000, 10 years, 9% bonds at 105 including accrued interest. These bonds are dated January 1, 2019. Interest is payable semi-annually on January 1 and July 1. Transaction costs of P10,000 were paid by Raiders. What is the net cash receipts from the bond issuance? A. 2,090,000 B. 2,100,000 C. 2,150,000 D. 2,160,000 Step by Step Solution
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