On January 1, 2022, Balagtas Corp. issued 5-year bonds with face amount of P5,000,000 at 118.0. The entity paid issue cost of P100,000 on the same date. The stated interest rate on the bonds is 12% payable annually every December 31, 2022. The bonds are issued to yield 8% per annum after considering the bond issue cost. 10. How much is the net cash proceeds from issuance of bonds on January 1, 2022
On January 1, 2022, Balagtas Corp. issued 5-year bonds with face amount of P5,000,000 at 118.0. The entity paid issue cost of P100,000 on the same date. The stated interest rate on the bonds is 12% payable annually every December 31, 2022. The bonds are issued to yield 8% per annum after considering the bond issue cost. 10. How much is the net cash proceeds from issuance of bonds on January 1, 2022
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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