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How much should abc unamortized bond discount

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Question - On January 02, 2020, ABC Company issued its 9% bonds in the face amount of P4,000,000 which mature on January 01, 2030. The bonds were issued for P3,756,000 to yield 10%. ABC uses the effective interest method of amortizing the discount. Interest is payable annually on December 31. On December 31, 2021, how much should ABC's unamortized bond discount?

Reference no: EM133073262

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