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What the adjusting entries in the end of dec

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Question - The investment in the bonds of Manda Company was acquired on April 1, 2022 with a face amount of P4,000,000, for P3,766,720. The bonds mature on April 1, 2026 and pays 12% interest annually on April 1 with a 14% effective yield. The investment is to be held as financial asset at amortized cost.

Required - What the adjusting entries in the end of Dec, 2022?

Reference no: EM133136817

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