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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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
ISBN: 978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
