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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

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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

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