On January 1,2019, ABC Corporation issued a 5-year, 12%, 1,000 of the P 5,000 face value bonds with a yield of 10%. The bonds pay interest semi-annually every June 30 and December 31 of each year. On November 1, 2021, 700 of the P 5,000 bonds were retired at 105. How much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation as of December 31,2020 and December 31,2021,respectively? (For present value factors, do not round off) * O P 5,253,784.60 ; P 5,177,297.53 OP 1,576,135.38 ; 1,553,189.26 OP 1,576,135.38: P 5.177,297.53
On January 1,2019, ABC Corporation issued a 5-year, 12%, 1,000 of the P 5,000 face value bonds with a yield of 10%. The bonds pay interest semi-annually every June 30 and December 31 of each year. On November 1, 2021, 700 of the P 5,000 bonds were retired at 105. How much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation as of December 31,2020 and December 31,2021,respectively? (For present value factors, do not round off) * O P 5,253,784.60 ; P 5,177,297.53 OP 1,576,135.38 ; 1,553,189.26 OP 1,576,135.38: P 5.177,297.53
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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