Question
On June 30, 2022, Huff Company issued at 99, four thousand 8% bonds with P1,000 face amount per bond. The bonds were issued through
On June 30, 2022, Huff Company issued at 99, four thousand 8% bonds with P1,000 face amount per bond. The bonds were issued through an underwriter to whom the entity paid bond issue cost of P340,000. The bonds mature on July 1, 2027 with interest payments every July 1. What is the interest expense for 2023?
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
