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Question 31 1.5 pts On January 1, 2018, Victor Incorporated issues a three-year 9% bond with a face value of P 3,600,000 at a price
Question 31 1.5 pts On January 1, 2018, Victor Incorporated issues a three-year 9% bond with a face value of P 3,600,000 at a price that will yield an 8% effective interest rate. The bond will mature at an amount equivalent to P1,200,000 annually at the end of each year. Annual interest payments are made together with the principal. Determine the total amount received by Victor as a result of the issuance. Round off final answer to nearest peso. Question 32 1.5 pts Based on Question 31, determine the current portion of the bonds payable on December 31, 2018. Round off final answer to nearest peso
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