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will give a thumbs up to someone who will answer this.. asap thanks On January 1, 20x1, Mitch Co. acquired 12%, P4,000,000 bonds at 98.
will give a thumbs up to someone who will answer this.. asap thanks
On January 1, 20x1, Mitch Co. acquired 12%, P4,000,000 bonds at 98. Commission paid to brokers amounted to P204,000. Principal is due on December 31, 20x4 but interest payments are made annually starting December 31, 20x1. The adjusted effective interest rate on the investment is closest to * O 11% indeterminable O 10.2650% O 12% On January 1, 20x1. Entity A acquires 25% interest in Entity B for P800,000. Entity B reports profit of P1,000,000 and declares dividends of P100,000 in 20x1. How much is the carrying amount of the investment in associate on December 31, 20x1? * 1,250,000 O 1,000,000 800,000 1,025,000 Karen Co. purchased the following equity securities on January 1, 20x1 and 1. the fair value at December 31, 20x1. The shares did not qualify for recognition as held for trading, thus they were classified as investment in equity securities measured at fair value through other comprehensive income. How much is the unrealized gain (loss) recognized in other comprehensive income on December 31, 20x1. How much is the unrealized gain (loss) recognized in other comprehensive income on December 31, 20x1? * Alaska Co. preference shares Valdez Co. ordinary shares Totals Cost P200,000 160,000 P360,000 Fair value - 12/31/x1 P240,000 60,000 P300.000 0 - (60,000) 100,000 O 60,000Step by Step Solution
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