4. On January 1, 20x1, SLOPPY UNTIDY Co. issued 10%, P4,000,000 bonds at face amount. SLOPPY paid underwriter's commission of P192,147. The bonds mature on December 31, 20x3. Interest is due annually. The effective interest on the bond issue is approximately equal to a 9.2659% h 11 3692% c. 12% d 13.5%
4. On January 1, 20x1, SLOPPY UNTIDY Co. issued 10%, P4,000,000 bonds at face amount. SLOPPY paid underwriter's commission of P192,147. The bonds mature on December 31, 20x3. Interest is due annually. The effective interest on the bond issue is approximately equal to a 9.2659% h 11 3692% c. 12% d 13.5%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 15MCQ
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Please answer number 4 (please include excel if needed)
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