How much is the net interest expense for the six months

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Problem 1: On July 1, 2020, Brewer Company received P1,032,880 for P1,000,000 face amount, 12% bonds, a price that yield 10%. How much is the net interest expense for the six months ended December 31, 2020 and at what amount should brewer report the bond liability at December 31, 2020?

Reference no: EM132695725

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