24.AAA had the following information (PV Factor round off to four decimal places, other amounts round off always to whole number) Face Amount -P3,000,000 Date of Bonds – January 1, 2023 Date of Maturity – P1,000,000 annually starting December 31, 2023 Acquisition Date – January 1, 2023 Nominal Rate – 10% Effective Rate – 12% Interest Payment – December 31 Compute the Carrying Amount of the Investment in Bond on January 1, 2023
24.AAA had the following information (PV Factor round off to four decimal places, other amounts round off always to whole number) Face Amount -P3,000,000 Date of Bonds – January 1, 2023 Date of Maturity – P1,000,000 annually starting December 31, 2023 Acquisition Date – January 1, 2023 Nominal Rate – 10% Effective Rate – 12% Interest Payment – December 31 Compute the Carrying Amount of the Investment in Bond on January 1, 2023
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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24.AAA had the following information (PV Factor round off to four decimal places, other amounts round off always to whole number)
Face Amount -P3,000,000
Date of Bonds – January 1, 2023
Date of Maturity – P1,000,000 annually starting December 31, 2023
Acquisition Date – January 1, 2023
Nominal Rate – 10%
Effective Rate – 12%
Interest Payment – December 31
Compute the Carrying Amount of the Investment in Bond on January 1, 2023
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