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On January 31, 2016, Beau Company issued at 99, five thousand of 8%, P1,000 face value bonds. The bonds were issued through an underwriter to
On January 31, 2016, Beau Company issued at 99, five thousand of 8%, P1,000 face value bonds.
The bonds were issued through an underwriter to whom the entity paid bond issue cost of P425,000.
On June 30, 2016, what amount should be reported as bond liability?
1.On January 31, 2016, what amount should be reported as bond liability?
a.4,525,000
b.4,950,000
c.5,000,000
d.4,575,000
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