Reference no: EM132663877
Problem 1: On March 31, 20x7, HARD issued for P1,774,000, P2,000,000 face amount of its 10%, P1,000 bonds. The bonds were issued to yield 12%. The bonds are dated July 1, 20x7 and mature on July 1, 20x10. Interest is payable annually on July 1. EASY uses the interest method to amortize bond discount. Determine the carrying value of the Bonds on December 31, 20x7
Problem 2: N Company's liability account balances at December 31, 20x6 was a Note payable for 2,800,000. The principal amount of the note payable is P2,800,000 and bears interest at 15%. The note is dated April 1, 20x6 and is payable in four equal installments of P700,000 beginning April 1, 20x7. The first principal and interest payment was made on April 1, 20x7. Determine the interest expense for20x7.
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Find the interest expense of the bonds on december
: On March 31, 20x7, EASY issued for P1,774,000, P2,000,000 face amount of its 10%, Determine the interest expense of the Bonds on December 31, 20x8
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Compute the adjusted net income to be used
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How do find the carrying value of the bonds on december
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Describe your personal thoughts and experiences
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Find the non-current portion of the note payable
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