On September 1, 2019, PT XYZ purchased 600 of the Rp1.000 face value, 9% bonds of PT DEF for Rp625.000 (an 8% effective interest rate). The bonds, which mature on September 1, 2024, pay interest semiannually on March 1 and September 1. Assuming that XYZ uses the effective interest method of amortization and that the bonds are appropriately classified as non-trading, the net carrying value of the bonds should be shown on PT XYZ’s December 31, 2019, statement of financial position at :
On September 1, 2019, PT XYZ purchased 600 of the Rp1.000 face value, 9% bonds of PT DEF for Rp625.000 (an 8% effective interest rate). The bonds, which mature on September 1, 2024, pay interest semiannually on March 1 and September 1. Assuming that XYZ uses the effective interest method of amortization and that the bonds are appropriately classified as non-trading, the net carrying value of the bonds should be shown on PT XYZ’s December 31, 2019, statement of financial position at :
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On September 1, 2019, PT XYZ purchased 600 of the Rp1.000 face
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