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interest semiannually on January 1 and July 1. The interest per annum. The bonds, which mature on July 1. 2019. pay method of amortization is used. W'hat is the carrying amount P1,000 face amount, 8% bonds for P1.61-1.000 to yield 10% On July 1, 2014, Rumor Company purchased 5.000 of the the bond investment on December 31, 201!? 4,583,300 a. b. 4,644,700 c. 4,675,400) d. 4,969,300)

interest semiannually on January 1 and July 1. The interest per annum. The bonds, which mature on July 1. 2019. pay method of amortization is used. W'hat is the carrying amount P1,000 face amount, 8% bonds for P1.61-1.000 to yield 10% On July 1, 2014, Rumor Company purchased 5.000 of the the bond investment on December 31, 201!? 4,583,300 a. b. 4,644,700 c. 4,675,400) d. 4,969,300)

FINANCIAL ACCOUNTING
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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Problem 24-27 (AICPA Adapted) interest semiannually on January 1 and July 1. The interest method of amortization is used. \What is the carrying amount per annum. The bonds, which mature on Juily 1. 2019. pay On July 1, 2014. Rumo Company purchased 5.000 of the P1,000 face amount, 8% bonds for P1.61-1.000 to șield 10%% on July 1, 2014, Rumor Compan: Durchased 5.000 of the On P1.000 1ace amount, 8% bonds for P1 61-1.000 to yield 107 per ser annun. The bonds, which mature on July 1. 20U1S. pas interest semiannually on January 1 and July 1. The interest method ol amortization is used What is the carrving amotm the bond investment on December 31, 201 !? 4,583,300 b. 4,644,700 4,675,400 d. 4,969,300 a. C.
Transcribed Image Text:Problem 24-27 (AICPA Adapted) interest semiannually on January 1 and July 1. The interest method of amortization is used. \What is the carrying amount per annum. The bonds, which mature on Juily 1. 2019. pay On July 1, 2014. Rumo Company purchased 5.000 of the P1,000 face amount, 8% bonds for P1.61-1.000 to șield 10%% on July 1, 2014, Rumor Compan: Durchased 5.000 of the On P1.000 1ace amount, 8% bonds for P1 61-1.000 to yield 107 per ser annun. The bonds, which mature on July 1. 20U1S. pas interest semiannually on January 1 and July 1. The interest method ol amortization is used What is the carrving amotm the bond investment on December 31, 201 !? 4,583,300 b. 4,644,700 4,675,400 d. 4,969,300 a. C.
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