On October 1, 2020, Beondegi Company purchased as debt investments at fair value through profit or loss, P100,000, 14% bonds of Samjang Company for 99 plus accrued interest and broker's fees. Interest is paid semi-annually on February 1 and August 1. Broker's fees incident to this purchase amounted to P500. How much was the total cash payment in the acquisition of the debt investments on October 1, 2020? * P101,333.33 O P101,833.33 P99,500.00 P99,000.00

On October 1, 2020, Beondegi Company purchased as debt investments at fair value through profit or loss, P100,000, 14% bonds of Samjang Company for 99 plus accrued interest and broker's fees. Interest is paid semi-annually on February 1 and August 1. Broker's fees incident to this purchase amounted to P500. How much was the total cash payment in the acquisition of the debt investments on October 1, 2020? * P101,333.33 O P101,833.33 P99,500.00 P99,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Question 25 Case studies are usually descriptive in nature. O True O False
wrong give me the right answer please
the last answer is incorrect, try again
kau.3 answer must be in table format or i will give down vote
what are the solutions for questions 4 & 5?
pm.4 answer must be in proper format or i will give down vote
Your solution is wrong see the answers at bottom of the question
can you explain why the answer for the third part is option number 2 from the selection of answers
Answer each of the following independent question: a and b
18 pts Multiple Functions 88 MULTIPLE CHOICE Question 2 ◄ Listen When f(x)=-3x-6 and g(x) = x²-x-6, what is ? A B C f 54 g = 3 fg = -3 x-3x=3 f 51 g = -2x+2; x=1
how do you get the last part? (number 5)
hrl.3 answer must be in proper format or i will give down vote