On January 1, 2020, Company A issued 10% bearing note payable in ten semi-annual instalments every June 30 and December 31 starting June 30, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%. Get: Present Value/ Carrying Value Beg. Carrying Value December 31, 2022

On January 1, 2020, Company A issued 10% bearing note payable in ten semi-annual instalments every June 30 and December 31 starting June 30, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%. Get: Present Value/ Carrying Value Beg. Carrying Value December 31, 2022

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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Present Value/ Carrying Value Beg.
Carrying Value December 31, 2022

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