p20 On January 1, 2020, Burger Company issued P2,000,000 of 10-year, 8% bonds at par. The bonds,dated January 1, 2020, pay interest semi-annually on January 1 and July 1. Bond issue costsincurred was P250,000. What is the bond carrying amount at January 2, 2020? *O P1,910,000O P1,750,000O P2,250,000O P2,000,000

Bonds carrying amount at January 2, 2020 = Var value of bonds - Bond issue costs

Answered: On January 1, 2020, Burger Company…

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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