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On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest every June 30 and December 31. The bonds
On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest every June 30 and December 31. The bonds which will mature on January 1, 2025 and were purchased to yield 12%. Nyah Company classifies the investment as financial asset at amortized cost. The fair value of the bonds on December 31, 2021 was P1,900,200. Interest income for 2022
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Step 11 solution the answer is P120000 The interest income for 2022 is P120000 T...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
