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Question - On May 1, 2019, Raiders Company issued P2,000,000, 10 years, 9% bonds at 105 including accrued interest. These bonds are dated January 1, 2019. Interest is payable semi-annually on January 1 and July 1. Transaction costs of P10,000 were paid by Raiders. What is the net cash receipts from the bond issuance?
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The bank has loaned $12,000 to Aina Company using a 60-day non-interest-bearing note. The bank discounted the note at 12%. The proceeds of the loan will be
ACCT3103 ACCOUNTING FOR COPORATE STRUCTURES - Problem is analysed with integration of relevant research of accounting standards and data
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