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What is the carrying amount of the bonds at december

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Question - Gim Company issued its 9%, P2 million bonds, which mature on January 1, 2030. The bonds were issued for P1,878,000 to yield 10% resulting in a bond discount of P122,000. Interest is payable annually on December 31. What is the carrying amount of the bonds at December 31, 2020?

Reference no: EM132764894

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