12%. The present value of 1 at 6% for 8 periodsis.63, and the 31. The prevailing market rate of interest on the bonds is is 10% payable semiannually every June 30 and December 2014 and mature on January 1, 2018. The interest on the bonds face amount of P2,000,000. The bonds are dated January 1. On January 1, 2014, Bulwark Company purchased bonds with value of an ordinary annuity of 1 at 6% for 8 periods present is 6.21. What is the present value of the bonds on acquisition date?
12%. The present value of 1 at 6% for 8 periodsis.63, and the 31. The prevailing market rate of interest on the bonds is is 10% payable semiannually every June 30 and December 2014 and mature on January 1, 2018. The interest on the bonds face amount of P2,000,000. The bonds are dated January 1. On January 1, 2014, Bulwark Company purchased bonds with value of an ordinary annuity of 1 at 6% for 8 periods present is 6.21. What is the present value of the bonds on acquisition date?
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Long-Term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 12.5BPR
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