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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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.
a.
b.
C.
d.
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