On January 1, 2014, Orland co. purchased a 10-year, 10% P 3,000,000 face value bonds for 110 incurring incidental transaction cost of P 36,000. Interests are received semi- annually on January 1 & July 1. Orland Co. has a business model of collecting all contractual cash flows of debt instruments. What is the carrying amount of the bonds on January 1, 2014?
On January 1, 2014, Orland co. purchased a 10-year, 10% P 3,000,000 face value bonds for 110 incurring incidental transaction cost of P 36,000. Interests are received semi- annually on January 1 & July 1. Orland Co. has a business model of collecting all contractual cash flows of debt instruments. What is the carrying amount of the bonds on January 1, 2014?
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...
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15.On January 1, 2014, Orland co. purchased a 10-year, 10% P 3,000,000 face
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