26. On July 1, 2023, Marilag Company purchased 10,000 of the P1,000 face amount, 10% bonds for P9,263,991 to yield 12% per annum. The bonds, which will mature on July 1, 2028, pay interest semi annually on January 1 and July 1. The effective interest method of amortization is used. What is the carrying amount of the bond investment on July 1, 20243 b. 9,155,663 9,379,020 a. 9,059,944 d. 9,508,267

26. On July 1, 2023, Marilag Company purchased 10,000 of the P1,000 face amount, 10% bonds for P9,263,991 to yield 12% per annum. The bonds, which will mature on July 1, 2028, pay interest semi annually on January 1 and July 1. The effective interest method of amortization is used. What is the carrying amount of the bond investment on July 1, 20243 b. 9,155,663 9,379,020 a. 9,059,944 d. 9,508,267

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

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 1MC

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