Question
On April 1, 2019, AA Company received P3,000,000, 8%, 4-year bonds. When the company issued it on the same day, it was able to receive
On April 1, 2019, AA Company received P3,000,000, 8%, 4-year bonds. When the company issued it on the same day, it was able to receive P3,400,000. Interest is payable semiannually every April 1 and October 1. The entity elected the fair value option for measuring financial liabilities. On December 31, 2019, the fair value of the bonds is P2,900,000. The change in fair value of the bonds is attributable to market factors.
What is the carrying amount of the bonds on April 1, 2019?
What is the interest expense for 2019?
What is the gain loss for the change in fair value?
What is the carrying amount of the bonds on December 31, 2019?
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No Nonsense Project Auditing A Practical Guide For The PMO
Authors: Lisa Nash
1st Edition
0993403522, 978-0993403521
