How much is the issue price of the bonds january

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problem 1: On January 1, 2020, Chespin Co. issued 3-year bonds with a face value of P1,200,000 and stated interest of 8% per year payable annually on December 31. The bonds were acquired to yield 10%. The bonds were appropriately classified as financial liability at amortized cost. How much is the issue price of the bonds January 1, 2020? (PVF 4 decimal points).

problem 2: How much is the interest expense for 2020?

Reference no: EM132850028

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