Question
On January 1, 2020, AAA Co. issued 10%, P12,000,000 bonds at 105. Transaction costs incurred amounted to P177,096. Principal on the bonds mature in three
On January 1, 2020, AAA Co. issued 10%, P12,000,000 bonds at 105. Transaction costs incurred amounted to P177,096. Principal on the bonds mature in three equal annual installments. Interest payments are also made annually at each year-end.
How much is the carrying amount of the bonds on December 31, 2020?
8,312,341
8,844,635
8,793,368
8,216,735
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The Federal Budget Politics Policy Process
Authors: Allen Schick
3rd Edition
0815777353, 9780815777359
