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What the carrying value of the bonds on December

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Reference no: EM133110213

Question - CASIO Corporation issued P500,000 face value bonds on January 1, 2018. The bonds, which will mature on January 1, 2021 pay interest of 12% every December 31. The bonds are issued to yield 10% interest.

Required -

1. What was the issue price of the bonds?

2. What the carrying value of the bonds on December 31, 2019?

3. What the interest expense in 2020?

Reference no: EM133110213

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