FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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pls. show me the solutions for 3,4,5,6 thankiesss

amount to P59,708. Interest payments are due every December 31 On January 1, 20x1, the BTr issues a 5-year, 6%, P2,000,000 bonds interest rate adjusted for both the bond discount and bond issue for P1,900,000. Transaction costs on the issuance (bond issue costs) A provision requires disclosure in the notes. с. 10.3М d. 9,633,314 hition? 10M-300x but the principal is due only at maturity date. The effective the carrying amo a. 10M b. 9.7М Use the following information for the next three questions: Costs) December due amount to P59,708. Interest payments are but the principal is due only at maturity date. The effect interest rate adjusted for both the bond discount and bond ie every 31 costs is 8%. 4. How much is the carrying amount of the bonds on initial recognition? a. 2,000,000 b. 1,900,000 c. 1,959,709. d. 1,840,292 How much is the interest expense for 20x1? c. 156,777 d. 147,223 a. 160,000 b. 152,000 6 How much is the carrying amount of the bonds on December 31, 20x1? a. 1,867,515 b. 1,813,069 c. 1,932,000 d. 1,99,649 с. 7. Which of the following distinguishes a provision from of types of liabilities? a. A provision requires disclosure in the notes b. A provision is supported by an
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Transcribed Image Text:amount to P59,708. Interest payments are due every December 31 On January 1, 20x1, the BTr issues a 5-year, 6%, P2,000,000 bonds interest rate adjusted for both the bond discount and bond issue for P1,900,000. Transaction costs on the issuance (bond issue costs) A provision requires disclosure in the notes. с. 10.3М d. 9,633,314 hition? 10M-300x but the principal is due only at maturity date. The effective the carrying amo a. 10M b. 9.7М Use the following information for the next three questions: Costs) December due amount to P59,708. Interest payments are but the principal is due only at maturity date. The effect interest rate adjusted for both the bond discount and bond ie every 31 costs is 8%. 4. How much is the carrying amount of the bonds on initial recognition? a. 2,000,000 b. 1,900,000 c. 1,959,709. d. 1,840,292 How much is the interest expense for 20x1? c. 156,777 d. 147,223 a. 160,000 b. 152,000 6 How much is the carrying amount of the bonds on December 31, 20x1? a. 1,867,515 b. 1,813,069 c. 1,932,000 d. 1,99,649 с. 7. Which of the following distinguishes a provision from of types of liabilities? a. A provision requires disclosure in the notes b. A provision is supported by an
ntity 3 Entity A obtains a 6%, 5-year, P10M face amount loạn B. A pays transaction cost (service charge) of 3%. How much the carrying amount of the loan payable on initial recognition 10M-300x с. 10.3М a. 10M d. 9,633,314 b. 9.7M Use the following information for the next three questions: On January 1, 20x1, the BTr issues a 5-year, 6%, P2,000,000 bonds for P1,900,000. Transaction costs on the issuance (bond issue costs) amount to P59,708. Interest payments are due every December 31 but the principal is due only at maturity date. The effective interest rate adjusted for both the bond discount and bond issue costs is 8%. 4. How much is the carrying amount of th recognition? on initial a. 3 A a 6%, face Entity
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Transcribed Image Text:ntity 3 Entity A obtains a 6%, 5-year, P10M face amount loạn B. A pays transaction cost (service charge) of 3%. How much the carrying amount of the loan payable on initial recognition 10M-300x с. 10.3М a. 10M d. 9,633,314 b. 9.7M Use the following information for the next three questions: On January 1, 20x1, the BTr issues a 5-year, 6%, P2,000,000 bonds for P1,900,000. Transaction costs on the issuance (bond issue costs) amount to P59,708. Interest payments are due every December 31 but the principal is due only at maturity date. The effective interest rate adjusted for both the bond discount and bond issue costs is 8%. 4. How much is the carrying amount of th recognition? on initial a. 3 A a 6%, face Entity
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