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I NEED AN ACCURATE ANSWER -How much is the issue price pf bonds on January 1,2020? (PVF 4 decimal points) -How much is the interest
I NEED AN ACCURATE ANSWER
-How much is the issue price pf bonds on January 1,2020? (PVF 4 decimal points)
-How much is the interest expense for 2020?
On January 1, 2020. Pharaoh Company issued 3-year bonds with a face value of P1,200,000 and stated interest of 8% per year. The bonds mature in 3 equal annual installments every December 31. The interest is also payable every December 31. The bonds acquired to yield 10%. The bonds were appropriately classified as financial liability at amortized cost. How much in the inStep by Step Solution
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