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What amount should h record as bond issue cost

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Question - During 2021, H Company issued 2 000 of its 9% P 1 000 face value bonds at 102. In connection with the sale of these bonds, H paid the following expenses Underwriting Commission P 400 000; Printing, P 120 000; and Promotion Costs, P 100 000. What amount should H record as bond issue cost to be amortized during the term of the bonds?

a. P640 000

b. P120 000

c. P100 000

d. P400 000

Reference no: EM133069647

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