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help me please thank you 36) n January 1, 2016, Quilladin Company issued 5 year bonds with face value of P5,000,000 at 110. The company
help me please thank you
36) n January 1, 2016, Quilladin Company issued 5 year bonds with face value of P5,000,000 at 110. The company paid bond issued cost of P80,000 on same date. The stated interest rate on the bonds is 8% payable annually every December 31. After consideration of bond issue costs to be initially measured, the bonds were determined to yield 6% per annum. On December 31, 2016, what should Quilladin report as carrying amount of the bonds payable? Page 6 of 8 A. 5,430,800 B. 5,345,200 C. 5,414,800 D. 5,000,000 Step by Step Solution
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