D borrowed from XYZ Bank P2,000,000.00 payable at the end of 5 years. Before maturity, an extraordinary deflation supervened causing the value of the debt to rise to P5,000,000.00 on the date of maturity. On due date, B must pay XYZ Bank: a. P2,000,000.00 b. P5,000,000.00 c. P800,000.00 d. P20,000,000.00

D borrowed from XYZ Bank P2,000,000.00 payable at the end of 5 years. Before maturity, an extraordinary deflation supervened causing the value of the debt to rise to P5,000,000.00 on the date of maturity. On due date, B must pay XYZ Bank: a. P2,000,000.00 b. P5,000,000.00 c. P800,000.00 d. P20,000,000.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 14MC: Whirlie Inc. issued $300,000 face value, 10% paid annually, 10-year bonds for $319,251 when the...

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