On January 1,2019, ABC Corporation issued a 5-year, 12%, 1,000 of the P 5,000 face value bonds with a yield of 10%. The bonds pay interest semi-annually every June 30 and December 31 of each year. On November 1, 2021, 700 of the P 5,000 bonds were retired at 105. How much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation as of December 31,2020 and December 31,2021,respectively? (For present value factors, do not round off) A. P 5,253,784.60 ; P 5,177,297.53 B. P 1,576,135.38 ; 1,553,189.26 C. P 1,576,135.38 ; P 5,177,297.53 D. P 5,253,784.60 ; 1,553,189.26

On January 1,2019, ABC Corporation issued a 5-year, 12%, 1,000 of the P 5,000 face value bonds with a yield of 10%. The bonds pay interest semi-annually every June 30 and December 31 of each year. On November 1, 2021, 700 of the P 5,000 bonds were retired at 105. How much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation as of December 31,2020 and December 31,2021,respectively? (For present value factors, do not round off) A. P 5,253,784.60 ; P 5,177,297.53 B. P 1,576,135.38 ; 1,553,189.26 C. P 1,576,135.38 ; P 5,177,297.53 D. P 5,253,784.60 ; 1,553,189.26

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 8RE

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