Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help me please thank you Use the following information for the next two (2) questions: On January 1, 2019 Chespin Co. issued 3 year bonds
help me please thank you
Use the following information for the next two (2) questions: On January 1, 2019 Chespin Co. issued 3 year bonds with a face value of P1,200,000 and stated interest of 8% per year payable annually on December 31. The bonds were acquired to yield 10%. The bonds were appropriately classified as financial liability at amortized cost. (PVF 4 Decimal) QUESTIONS: 34) How much is the issue price of the bonds on January 1, 2019? A. 1,140,302 B. 1,051,730 c. 1,055,730 D. 1.200,340 35) How much is the interest expense for 2019? A. 117,817 B. 114,104 C. 114,030 D. 96.000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started