Question
On January 1, 2021, Sun Company issued an 8% bonds payable with a face amount of P50,000,000 at P 57,360,087. The bonds will mature after
On January 1, 2021, Sun Company issued an 8% bonds payable with a face amount of P50,000,000 at P 57,360,087. The bonds will mature after ten years.
These bonds were issued to yield 6%. The effective interest method is used. Annual interest was on December 31 of each year.
What is the carrying amount of the bonds on December 31, 2021?
| a. | 57,918,482 | |
| b. | 56,801,692 | |
| c. | 54,000,000 | |
| d. | 50,000,000 |
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Evaluating Web Sites For Legal Compliance Basics For Web Site Legal Auditing
Authors: Leopoldo Brandt Graterol, John Ng'ang'a Gathegi
1st Edition
0810844737, 978-0810844735
