Question
On January 1, 2020, Junibond issued 5-year 10%, P10,000,000 for P10,246,744. Interest and principal is payable in equal annual installments every January 1. The yield
On January 1, 2020, Junibond issued 5-year 10%, P10,000,000 for P10,246,744. Interest and principal is payable in equal annual installments every January 1. The yield rate for similar bonds is 9%. What is the carrying value of the bonds as of December 31, 2021.
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
