Solution-What amount should dayrit report as interest

What amount should dayrit report as interest receivable

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Question - On November 1, 2022, Dayrit Corporation purchased P800,000 face value, 10-year, 8% term bonds dated October 1, 2022 for P700,000 to yield 10% plus accrued interest. Interest is receivable every April 1 and October 1. What amount should Dayrit report as interest receivable in its December 31, 2022 balance sheet?

Reference no: EM133156273

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What amount should dayrit report as interest receivable

Reference no: EM133156273

Reference no: EM133156273

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