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Determine what car unamortized bond discount should be

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Reference no: EM133009868

Problem 1: On July 1, 2000, Car issued 9% bonds in the face amount of P1,000,000, which mature on July 1, 2010. The bonds were issued for P939,000 to yield 10% resulting in a bond discount of P61,000. Car uses the interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2002, Car's unamortized bond discount should be

Choices:

A. P52,810

B. P51,000

Reference no: EM133009868

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