On January 1,2020, ABC Corporation issued a 5-year, 10%, 1,000 of the P 5,000 face value bonds with a yield of 12%. The bonds is payable after five years and interests is payable annually starting December 31,2020. How much is the carrying value of the bonds as of December 31,2022?(For present value factors, do not round off) P 4,830,994.90 P 4,759,816.87 P 4,910,714.29 P 4,696,265.07
On January 1,2020, ABC Corporation issued a 5-year, 10%, 1,000 of the P 5,000 face value bonds with a yield of 12%. The bonds is payable after five years and interests is payable annually starting December 31,2020. How much is the carrying value of the bonds as of December 31,2022?(For present value factors, do not round off) P 4,830,994.90 P 4,759,816.87 P 4,910,714.29 P 4,696,265.07
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 1RE
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On January 1,2020, ABC Corporation issued a 5-year, 10%, 1,000 of the P 5,000 face value bonds with a yield of 12%. The bonds is payable after five years and interests is payable annually starting December 31,2020.
How much is the carrying value of the bonds as of December 31,2022?(For present value factors, do not round off)
How much is the carrying value of the bonds as of December 31,2022?(For present value factors, do not round off)
P 4,830,994.90
P 4,759,816.87
P 4,910,714.29
P 4,696,265.07
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