On January 1,2019, ABC Corporation issued a 5-year, 12%, 1,000 of the P 5,000 face value bonds with a yield of 10%. The bonds pay interest semi-annually every June 30 and December 31 of each year. On November 1, 2021, 700 of the P 5,000 bonds were retired at 105. How much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation as of December 31,2020 and December 31,2021,respectively? (For present value factors, do not round off) A. P 5,253,784.60 ; P 5,177,297.53 B. P 1,576,135.38 ; 1,553,189.26 C. P 1,576,135.38 ; P 5,177,297.53 D. P 5,253,784.60 ; 1,553,189.26

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On January 1,2019, ABC Corporation issued a 5-year, 12%, 1,000 of the P 5,000 face value bonds with a yield of 10%. The bonds pay interest semi-annually every June 30 and December 31 of each year. On November 1, 2021, 700 of the P 5,000 bonds were retired at 105.

How much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation as of December 31,2020 and December 31,2021,respectively? (For present value factors, do not round off)

A. P 5,253,784.60 ; P 5,177,297.53

B. P 1,576,135.38 ; 1,553,189.26
C. P 1,576,135.38 ; P 5,177,297.53
D. P 5,253,784.60 ; 1,553,189.26
 
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