19. Use the same information inMC 18. What is the bondcarrying value at December 31,2019? *O a. P1,024,524O b. P1,031,236O c. P1,032,880O d. P1,041,236 18. On July 01, 2019, SALUDORAW SA'YO SI MAGELLAN SABINI LOLA CO. receivedP1,032,880 for P1,000,000face amount, 12% bonds, aprice that yields 10%.

Solution: Premium amortized at Dec 31, 2019 = cash paid for interest - interest expense =…

Answered: P1,032,880 for P1,000,000 face amount,…

Business

Accounting

P1,032,880 for P1,000,000 face amount, 12% bonds, a orice that vields 10%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

19. Use the same information in
MC 18. What is the bond
carrying value at December 31,
2019? *
O a. P1,024,524
O b. P1,031,236
O c. P1,032,880
O d. P1,041,236

18. On July 01, 2019, SALUDO
RAW SA'YO SI MAGELLAN SABI
NI LOLA CO. received
P1,032,880 for P1,000,000
face amount, 12% bonds, a
price that yields 10%.

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