Solution-How much is the interest income on january

How much is the interest income on january

Reference no: EM132612789

Problem 1: On January 1, 2017, ABC Co. acquires 5-year, 1,000, 10%, P5,000 bonds for P4,639,522. The bonds were classified as subsequently measured at fair value through other comprehensive income. Interest is payable annually. How much is the interest income in 2017?

A. P0

B. P556,743

C. Answer not given

D. P463,952

E. P500,000

Reference no: EM132612789

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How much is the interest income on january

Reference no: EM132612789

Reference no: EM132612789

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Accounting Basics Questions & Answers

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Coures:- fundamental accounting principles

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Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

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What is the expected risk premium on the portfolio

Simple interest and compound interest

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Assured A++ Grade

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