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How much is the acquisition cost of investment on april

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Reference no: EM132703117

On April 1, 2020, Lucky Company acquired Wishful Corp. bonds held as financial asset at amortized cost, face P2,000,000 at a cost of P1,940,500 including accrued interest. Bonds pay interest of 12% semi-annually on January 1 & July 1 & mature on January 1, 2024. The bonds have effective yield of 14%.

Problem 1: How much is the Acquisition cost of investment on April 1, 2020

Reference no: EM132703117

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How much is the acquisition cost of investment on april : How much is the Acquisition cost of investment on April 1, 2020? On April 1, 2020, Lucky Company acquired Wishful Corp. bonds held as financial asset
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