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What interest expense for the year ended december

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Question 1: On January 1, 2015, Gell Company received P1, 032,880 for P1, 000,000 face amount, 12% bonds, a price that yields 10%. Interest is payable semi-annually every June 30 and December 31. Interest expense for the year ended December 31, 2015 is

a. P 123,946

b. P 120,000

c. P 103,288

d. P 102,870

Reference no: EM132577942

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