Question: 16-17Help me to answer this in 1 and a half - 2 hours please give me a correct answer 1 point 16. SIR SUMBONG KITA
1 point 16. SIR SUMBONG KITA KAY MAMA CO. failed to amortize discount on outstanding 10-year bonds payable. What is the effect of the failure to record amortization on interest expense, profit, and bond carrying value, respectively?* O a. understate, overstate, understate O b. overstate, understate, overstate O c. understate, overstate, overstate O d. overstate, understate, understate 2 points 17. On January 01, 2019, IDAMAY KO NA RIN PO SI PAPA CO.issued 10- year bonds with a face amount of P1 million and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%.The total issue price (rounded to the nearest P100) of the bonds was: * O a. P1,000,000 O b. P980,000 O c.P965,800 O d. P877,100
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