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On March 1, 2021, a company issued a four-year, P3,000,000 face value, 11% term bonds for P3,197,877. The bonds pay interest semi-annually every March 1
On March 1, 2021, a company issued a four-year, P3,000,000 face value, 11% term bonds for P3,197,877. The bonds pay interest semi-annually every March 1 and September 1 and were issued to yield 9%. How much is the interest payable on December 31, 2022? (Round off final answer to the nearest peso.) Question 56 2 pts On April 1, 2028, A Company issued a P 9,000,000 non-interest-bearing note due March 31, 2031, for a piece of land with a cash price of P6,949,800 Effective interest rate is 9%. Determine the interest expense for the year ended December 31, 2029 Round off final answer to the nearest peso
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