On May 1, 1999, Sun Corp. issued 11% bonds in the face amount of P1,000,000 that mature on May 1, 2009. The bonds were issued to yield 10%, resulting in bond premium of P62,000.  Sun uses the effective interest method of amortizing bond premium.  Interest is payable semiannually on November 1 and May 1.  In its October 31, 1999 balance sheet, what amount should Sun report as unamortized bond premium? 62,000 60,100 58,900 58,590

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Q: ome -) () () Statement of Cash Flows (2,000) FA (100) FA/(1,900) OA (2,000) OA (2,000) OA

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Q: P642,007.30 in b

A: Introduction Present value of bond:-

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