Question
On December 31, 2020, Balbond issued 3,000 of its 15-year 6%, P1,000 face value bonds for P2,486,431. Interest is payable annually every December 31. The
On December 31, 2020, Balbond issued 3,000 of its 15-year 6%, P1,000 face value bonds for P2,486,431. Interest is payable annually every December 31. The effective rate for similar instruments is 8%. How much is the carrying value of the bond as of December 31, 2033?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
