Reference no: EM133070767
Questions - Intermediate Accounting - On Mar. 1, 2021, JAKE Corporation issued at 105 plus accrued interest of 4,000 bonds of 12%, P1,000 face amount. The bonds are dated Jan. 1, 2021 and mature on Jan. 1, 2031. Interest is payable semiannually on Jan. 1 and July 1. The entity paid bond issue cost of P280,000. What is the net cash received from the bond issuance?
A company issues P10,000,000, 7.8%, 20-year bonds to yield 8% on Jan. 1, 2021. Interest is paid on June 30 and Dec. 31. The proceeds from the bonds are P9,802,072. What is interest expense for 2022, using straight-line amortization?
On Dec. 31, 2021, TAYLOR Corp. reported bonds payable of P9,120,000 and accrued interest payable of P280,000. The bonds are retired on Dec. 31, 2021 for P10,150,000 excluding accrued interest. How much should be reported as GAIN or LOSS on extinguishment of bonds payable?
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How much should be recorded as share premium
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What is the net cash received from the bond issuance
: Interest is payable semiannually on Jan. 1 and July 1. The entity paid bond issue cost of P280,000. What is the net cash received from the bond issuance
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