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help me please thank you 31) Jeanina Company had outstanding a 7%, ten-year P4,000,000 face amount bond. The bond was originally sold to yield 6%
help me please thank you
31) Jeanina Company had outstanding a 7%, ten-year P4,000,000 face amount bond. The bond was originally sold to yield 6% annual interest. The entity used the effective interest method to amortize bond premium and did not elect the fair value option for reporting financial liabilities. On June 30, 2019, the carrying amount of the outstanding bond was P4.200,000. What amount of unamortized premium on bond should be reported on June 20, 2020 Step by Step Solution
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