15. On Januory 1,2020, Auro Compony purchased bonds with foce voue ofP5,000000 for P4,766000. the stated rate on the bonds is 10% but the bonds areaCcuired to yield 12%. The bonds mature of the rote of P1.000,000 annuoly everyDecember 31 and the interest is payable annually also every December 31. Theentity uses the effective interestmethod of omortizing disCount. Aura Componyshouid report the held to maturity bond investment on December 31,2020 ata. 4,766,000b. 3694080C. 4,837,920.d. 3837,920

Answered: Image /qna-images/answer/ea77f68c-f701-43b4-bbc8-b6bddfc9e93e.jpg

15. On Janvary 1,2020, ADra Company pulC! P5,000000 for P4,766000. The stated rate on the bonds is 10% but the bonds are ocquired to yield 12%, The bonds mature at the rate of P1.000,000 annually every December 31 and the interest is payable annualy also every December 31. The entity uses the effective interest method of amortizing disCount. Aura Compony shouid report the held to maturity bond investment on December 31,2020 at

15. On Janvary 1,2020, ADra Company pulC! P5,000000 for P4,766000. The stated rate on the bonds is 10% but the bonds are ocquired to yield 12%, The bonds mature at the rate of P1.000,000 annually every December 31 and the interest is payable annualy also every December 31. The entity uses the effective interest method of amortizing disCount. Aura Compony shouid report the held to maturity bond investment on December 31,2020 at

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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N6. Account
Please help me to answer with clear computation the Required 1 and 2 of this Problem. Thank you so much!
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