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About P1.020 - Bonds Payable (Lecture Notes & Illustrative Problems)
1. Pulilio Company had P3 million in 10% callable term bonds due in 2020, P5 million in 11% convertible bonds due in 2027, and P7 million in 12% collateral trust bonds maturing annually. 2. Tiaong Company issued P10 million bonds at 95% of par plus accrued interest, receiving P9.5 million after paying P1 million in issuance costs. 3. Marimar Company issued P10 million 12% bonds at 105% of par. It reported bond interest expense of P1.2 million for 2017 using straight-line amortization of issuance costs.
Detailed Information
| Author: | ['Patrick Kyle Agraviador'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 2 |
| Language: | English |
| Format: | |
| Price: | FREE |
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