On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest...
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On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest every June 30 and December 31. The bonds which will mature on January 1, 2025 and were purchased to yield 12%. Nyah Company classifies the investment as financial asset at amortized cost. The fair value of the bonds on December 31, 2021 was P1,900,200. Interest income for 2022 On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest every June 30 and December 31. The bonds which will mature on January 1, 2025 and were purchased to yield 12%. Nyah Company classifies the investment as financial asset at amortized cost. The fair value of the bonds on December 31, 2021 was P1,900,200. Interest income for 2022
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Step 11 solution the answer is P120000 The interest income for 2022 is P120000 T... View the full answer
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