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

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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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