On January 01, 2019, IDAMAY KO NA RIN PO SI PAPA CO. issued 10-year bonds with a face amount of P1 million and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%.The total issue price (rounded to the nearest P100) of the bonds was: a. P1,000,000 b. P980,000 c. P965,800 d. P877,100

On January 01, 2019, IDAMAY KO NA RIN PO SI PAPA CO. issued 10-year bonds with a face amount of P1 million and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%.The total issue price (rounded to the nearest P100) of the bonds was: a. P1,000,000 b. P980,000 c. P965,800 d. P877,100

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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