On August 31, 2021, DASHER Company issued at 104 plus accrued interest, three thousand 10% bonds with a face amount of ₱1,000 per bond. The bonds are dated April 1, 2021, mature on March 31, 2026, and pay interest every April 1 and October 1. The bonds were issued through an underwriter to whom the entity paid bond issue cost of ₱120,000 6. How much is the carrying value of the bond on December 31, 2021
On August 31, 2021, DASHER Company issued at 104 plus accrued interest, three thousand 10% bonds with a face amount of ₱1,000 per bond. The bonds are dated April 1, 2021, mature on March 31, 2026, and pay interest every April 1 and October 1. The bonds were issued through an underwriter to whom the entity paid bond issue cost of ₱120,000 6. How much is the carrying value of the bond on December 31, 2021
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 5MC: On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000...
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On August 31, 2021, DASHER Company issued at 104 plus accrued interest, three thousand 10% bonds
with a face amount of ₱1,000 per bond. The bonds are dated April 1, 2021, mature on March 31, 2026,
and pay interest every April 1 and October 1. The bonds were issued through an underwriter to whom
the entity paid bond issue cost of ₱120,000
6. How much is the carrying
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