12. On July 1, 2012, Madison Company received P1,032,880 for P1,000,000 face amount, 12% bonds, a price that yields 10%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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13. Use the same information
given in the preceding
problem. What is the bond
carrying value at December 31,
2012? *
a. P1,024,524
b. P1,031,236
c. P1,032,880
O d. P1,041,236
Transcribed Image Text:13. Use the same information given in the preceding problem. What is the bond carrying value at December 31, 2012? * a. P1,024,524 b. P1,031,236 c. P1,032,880 O d. P1,041,236
12. On July 1, 2012, Madison
Company received P1,032,880
for P1,000,000 face amount,
12% bonds, a price that yields
10%.
Transcribed Image Text:12. On July 1, 2012, Madison Company received P1,032,880 for P1,000,000 face amount, 12% bonds, a price that yields 10%.
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