In the google form, provide the interest income to be recorded on that same day.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On Jan. 1, 2021, ABC purchased bonds for the purpose of both collecting the contractual cashflows and selling the investment. The bonds have a total face value of P6,000,000, interest rate of 8% payable every August 1, and a remaining term of 4 years and 7 months. It paid P6,145,000 inclusive of accrued interest and transaction fee of P50,000. As of the end of the year, the bonds have a fair value of P5,960,000. What is the compound
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