MC32 On July 1, 2020, Florida Corporation issued at 97 plus accrued interest, 2,000 of its 10%, P1,000 bonds. The bonds are dated April 1, 2020 and mature on April 1, 2028. Interest is payable semi-annually on April 1 and October 1. From the bond issuance, Florida would receive net cash of P1,990,000. P1,965,000. P1,940,000. P1,890,000. а. b. с. d.

MC32 On July 1, 2020, Florida Corporation issued at 97 plus accrued interest, 2,000 of its 10%, P1,000 bonds. The bonds are dated April 1, 2020 and mature on April 1, 2028. Interest is payable semi-annually on April 1 and October 1. From the bond issuance, Florida would receive net cash of P1,990,000. P1,965,000. P1,940,000. P1,890,000. а. b. с. d.

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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33. Subject :- Accounting
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