On February 1, 2009, Alpha Company issued 5,000 of its P1,000 face value bonds at 110 plus accrued interest. Alpha Company paid bond issue cost of P200,000. The bonds were dated November 1, 2008, mature on November 1, 2018, and bear interest at 10% payable semiannually on November 1 and May 1. What is the net amount received by Alpha from the bond issuance?
On February 1, 2009, Alpha Company issued 5,000 of its P1,000 face value bonds at 110 plus accrued interest. Alpha Company paid bond issue cost of P200,000. The bonds were dated November 1, 2008, mature on November 1, 2018, and bear interest at 10% payable semiannually on November 1 and May 1. What is the net amount received by Alpha from the bond issuance?
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 15MC: Naval Inc. issued $200,000 face value bonds at a discount and received $190,000. At the end of 2018,...
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On February 1, 2009, Alpha Company issued 5,000 of its P1,000 face
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