Tan Ltd. issued HK$600,000,000 of 7% bonds on November 1, 2019, for HK$644,636,000. The bonds were dated

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Tan Ltd. issued HK$600,000,000 of 7% bonds on November 1, 2019, for HK$644,636,000. The bonds were dated November 1, 2019, and mature in 10 years, with interest payable each May 1 and November 1. The effective-interest rate is 6%. Prepare Tan's December 31, 2019, adjusting entry.
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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