9. On July 1,2020, Lean Cormpany purchased PS.000,000 face amount, 8% bonds ofBand Company for P4,615000 to yiekd 10%% peryear to be held as financial assetsot gmortized cost. The bonds pay interestsemiannually on January i and Juy 1.in its December 31,2020 statement of financial position, Lean should reportinterest receivable ofa. 184,600b. 250,000C. 230,750d. 200,00010. On July 1,2020,Conair Company paid P1,198,000 for 10% bonds with o foceaumount of PL000 000 to be held as financial assets at amortized cost, nterest in

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9. On July 1,2020, Lean Compuny Band Company for P4,615000 to yiekd 10% per year to be held as financiał assets ot gmortized cost. The bonds pay interestsemiannually on January } and Juy 3 in its Decermber 31,2020 statement of financialposition, Lean should renort interest receivoble of a. 184,600 h. 250,000 C. 230,750 d. 200,000

9. On July 1,2020, Lean Compuny Band Company for P4,615000 to yiekd 10% per year to be held as financiał assets ot gmortized cost. The bonds pay interestsemiannually on January } and Juy 3 in its Decermber 31,2020 statement of financialposition, Lean should renort interest receivoble of a. 184,600 h. 250,000 C. 230,750 d. 200,000

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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