On June 1, 2023, Numbers Company issued a 3-year, P5,000,000 face value bonds with a stated rate of 10%. The effective interest rate for similar bonds is 12%. Interest on the bonds is payable annually at June 1. The present value of the bond issued by Numbers Company on June 1, 2023 is? 4,759,815.00 4,801,335.38 5,248,660.00 5,000,000.00 The carrying amount/amortized cost of the bond to be reported by Numbers Company on December 31, 2023 is? 4,801,335.38 4,830,992.80 4,910,711.94 5,000,000.00 19.The non-current portion of the bond to be reported by Numbers Corporation on December 31, 2024 is? 0 4,830,992.80 4,877,495.63 4,910,711.94 The non-current portion of the bond to be reported by Numbers Corporation on December 31, 2025 is? 0 4,910,711.94 4,962,796.64 5,000,000.00
On June 1, 2023, Numbers Company issued a 3-year, P5,000,000 face value bonds with a stated rate of 10%. The effective interest rate for similar bonds is 12%. Interest on the bonds is payable annually at June 1. The present value of the bond issued by Numbers Company on June 1, 2023 is? 4,759,815.00 4,801,335.38 5,248,660.00 5,000,000.00 The carrying amount/amortized cost of the bond to be reported by Numbers Company on December 31, 2023 is? 4,801,335.38 4,830,992.80 4,910,711.94 5,000,000.00 19.The non-current portion of the bond to be reported by Numbers Corporation on December 31, 2024 is? 0 4,830,992.80 4,877,495.63 4,910,711.94 The non-current portion of the bond to be reported by Numbers Corporation on December 31, 2025 is? 0 4,910,711.94 4,962,796.64 5,000,000.00
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 6PA: Aggies Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...
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Question
On June 1, 2023, Numbers Company issued a 3-year, P5,000,000 face value bonds with a stated rate of 10%. The effective interest rate for similar bonds is 12%. Interest on the bonds is payable annually at June 1.
The present value of the bond issued by Numbers Company on June 1, 2023 is?
The present value of the bond issued by Numbers Company on June 1, 2023 is?
4,759,815.00
4,801,335.38
5,248,660.00
5,000,000.00
The carrying amount/amortized cost of the bond to be reported by Numbers Company on December 31, 2023 is?
4,801,335.38
4,830,992.80
4,910,711.94
5,000,000.00
19.The non-current portion of the bond to be reported by Numbers Corporation on December 31, 2024 is?
0
4,830,992.80
4,877,495.63
4,910,711.94
The non-current portion of the bond to be reported by Numbers Corporation on December 31, 2025 is?
0
4,910,711.94
4,962,796.64
5,000,000.00
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