ry 1, 20x1, POTENT POWERFUL Co. issued 12% bonds with face amount of P4,00 4. The bonds mature in five years and pay annual interest every year-end. The e ate is 10%. On July 1, 20x3, POTENT called-in the entire bonds and retired them at 102 ve of payment for accrued interest. How much is the gain (loss) on the extinguishmer 6) c. (118,948) d. 118,948 ry 1, 20x1, TIPSY UNSTEADY Co. issued 10%, P12,000,000 bonds for P11,601,220. P nds matures in three equal annual installments. Interest is also due arnually at each ye tive interest rate on the bonds is 12%. How much is the carrying amount of the bo
ry 1, 20x1, POTENT POWERFUL Co. issued 12% bonds with face amount of P4,00 4. The bonds mature in five years and pay annual interest every year-end. The e ate is 10%. On July 1, 20x3, POTENT called-in the entire bonds and retired them at 102 ve of payment for accrued interest. How much is the gain (loss) on the extinguishmer 6) c. (118,948) d. 118,948 ry 1, 20x1, TIPSY UNSTEADY Co. issued 10%, P12,000,000 bonds for P11,601,220. P nds matures in three equal annual installments. Interest is also due arnually at each ye tive interest rate on the bonds is 12%. How much is the carrying amount of the bo
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 13M
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Please answer number 10 (include excel if needed)
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