Question
URGENT ANSWER ONLY NO NEED TO EXPLAIN LOT Read the news article below. https://cnnphilippines.com/business/2020/1/29/P134-billion-retail-bonds.html#:~:text=The%20government%20said%20it%20raised,retail%20Treasury%20bonds%20or%20RTBs.&text=An%20investor%20needs%20a%20minimum,are%20due%20in%20February%202023. 1. Describe the details of the bonds issued. 2. Assume that
URGENT
ANSWER ONLY NO NEED TO EXPLAIN LOT
Read the news article below.
https://cnnphilippines.com/business/2020/1/29/P134-billion-retail-bonds.html#:~:text=The%20government%20said%20it%20raised,retail%20Treasury%20bonds%20or%20RTBs.&text=An%20investor%20needs%20a%20minimum,are%20due%20in%20February%202023.
1. Describe the details of the bonds issued.
2. Assume that you are the accountant of one of the investors of the bonds. The investor purchased P10, 000,000.00 of RTB in February. Prepare journal entries for the purchase of the RTBs, accrual of interest and when the bonds are redeemed.
3. Why do you think the Government issues bonds?
4. Do you think issuing bonds by the government is effective and does it achieve its purpose?
5. Aside from issuing bonds, what do you suggests as other means of funding or can government source funds other than bonds?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started