Fnanciol ACCOuntingChapter 11Page 3212. On Juy 1,2020, Ward Company purchased 5,000 of the P1000 face value,obonds of Jury Company for P4,614,000 to yiekd 10% per annum. The bonds,WNmature on JUly 1,2025, poy interest semiannually on Janvary 1 and JDIY 1. WaraUses the interest method of amortization and the bonds are appropriareyTecorded as an investment at amortized cost. The bonds should be reponed iWard's December31,2020 statermentof financialpositionnatQ. 4,583,300b,4న44,700C. 4,675400d. 4,969,300106 0000 foce voue of Show

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12. On July 1,2020, Ward Company purchased 5,000 of the P1.000 face value, 8 bonds of Jury Company for P4,614,000 to vield 10% per annum. The bonas, wa mature on July 1,2025, pay interestsemiannuay on January 1 and July 1. Woara Uses the interest method of armortization and the bonds are approparey recorded as an investment ot amortized cost. The bonds should be reponed ir Ward's December31,2020 staterment of financialpositionnat Q.4,583,300 b. 4,644,700 C. 4,675400 d. 4,969,300

12. On July 1,2020, Ward Company purchased 5,000 of the P1.000 face value, 8 bonds of Jury Company for P4,614,000 to vield 10% per annum. The bonas, wa mature on July 1,2025, pay interestsemiannuay on January 1 and July 1. Woara Uses the interest method of armortization and the bonds are approparey recorded as an investment ot amortized cost. The bonds should be reponed ir Ward's December31,2020 staterment of financialpositionnat Q.4,583,300 b. 4,644,700 C. 4,675400 d. 4,969,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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