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How much is the company adjusted unamortized bond discount

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Question - On July 1, 2020, Geisha Company issued for P938,514 its 9% P1,000,000 face value bonds to mature on July 1, 2029. The bonds were issued to yield 10%.  The company uses the effective interest method of amortizing bond discount. Interest is payable annually on June 30.

Required -

(a) How much is the company's adjusted unamortized bond discount at June 30, 2022?

(b) How much is the interest expense for the year 2022?

Reference no: EM133051379

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