.On Jan 2, 20X1, ABC Company acquired 3,000 12% 3-year P1,000 bonds of Z Corp. at P2,860,702. Effective rate was 14%. ABC designated this investment at amortized cost. How much is the interest income at Dec 31, 20X1? 343,284 360,000 400,498 420,000
.On Jan 2, 20X1, ABC Company acquired 3,000 12% 3-year P1,000 bonds of Z Corp. at P2,860,702. Effective rate was 14%. ABC designated this investment at amortized cost. How much is the interest income at Dec 31, 20X1? 343,284 360,000 400,498 420,000
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 6EA: Oak Branch Inc. issued $700,000 of 5%, 10-year bonds when the market rate was 4%. They received...
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38.On Jan 2, 20X1, ABC Company acquired 3,000 12% 3-year P1,000 bonds of Z Corp. at P2,860,702. Effective rate was 14%. ABC designated this investment at amortized cost.
How much is the interest income at Dec 31, 20X1?
How much is the interest income at Dec 31, 20X1?
343,284
360,000
400,498
420,000
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