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with solution U Question 50 On January 1, 2020 Currie Company purchased 14%, 3 year loan from Thompson Corporation. The market interest rate at the
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U Question 50 On January 1, 2020 Currie Company purchased 14%, 3 year loan from Thompson Corporation. The market interest rate at the time of acquisition is 12%. The interest is payable semi-annually every June 30 and December 31. The face value of the debt instrument is P1,000,000 and is classified as FAAC 50. Determine the subsequent carrying amount amount of the FAAC debt security at the end of 2020. AP 1.026,727.45 BP 1.034,648.54 C. P1,042.121.26 D. P 1.049.171.00 OB OD Step by Step Solution
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