On May 1,2020, ABC Corporation issued a 5-year, 10%, 1,000 of the P 5,000 face value...

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On May 1,2020, ABC Corporation issued a 5-year, 10%, 1,000 of the P 5,000 face value bonds with a yield of 12%. The bonds is payable in series of five equal annual installments every April 30 and pays annual interest based on the outstanding balance starting on April 30,2020. As of December 31,2021, how much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation? (For present value factors, do not round off) * On May 1,2020, ABC Corporation issued a 5-year, 10%, 1,000 of the P 5,000 face value bonds with a yield of 12%. The bonds is payable in series of five equal annual installments every April 30 and pays annual interest based on the outstanding balance starting on April 30,2020. As of December 31,2021, how much is the carrying value of the bonds to be presented in the Statement of Financial Position of ABC Corporation? (For present value factors, do not round off) *

Answer rating: 100% (QA)

Step 1 Calculate the present value of the interest payments The interest payments are 10 P5000 P500 ... View the full answer