Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On January 1, 2021, a company issued serial bonds with a face value of P3,000,000 and stated rate of 12%. Interest is payable annually every
On January 1, 2021, a company issued serial bonds with a face value of P3,000,000 and stated rate of 12%. Interest is payable annually every December 31. The bonds were issued to yield 10%. The bonds mature at an annual installment of P1,000,000 every December 31. How much is the carrying value of the bonds on December 31, 2021? (Round off PV factor to 4 decimal places. Round off final answer to the nearest peso.) Question 60 2 pts On December 31, 2019, A Company issued 5,000 of 8% 10-year P1,000 face value bonds with detachable warrants at 110. Each bond carried a detachable warrant for 10 ordinary shares of P100 par value at a specified option price P120. Immediately after issuance, the market value of the bonds without warrants was P4,800,000 and the market value of the warrants was P1,200,000. On December 31, 2019. what is the carrying amount of bonds payable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started