Question
On July 1, 2019, Rodeo Company paid P 1,198,000 of 10%, 20 years is paid on June 30 and December 31. The bonds were purchased
On July 1, 2019, Rodeo Company paid P 1,198,000 of 10%, 20 years is paid on June 30 and December 31.
The bonds were purchased to yield 8%. the effective interest method for ng term investment.
What is the carrying amount of the bonds on December 31, 2019?
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
