question archive On April 1, 2018, Greg Company issued at 99 plus accrued interest, 2,000 of 8% P1,000 face value bonds
On April 1, 2018, Greg Company issued at 99 plus accrued interest, 2,000 of 8% P1,000 face value bonds
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On April 1, 2018, Greg Company issued at 99 plus accrued interest, 2,000 of 8% P1,000 face value bonds. The bonds are dated January 1, 2018, mature on January 1, 2028, and pay interest on January 1 and July 1. The entity paid bond issue cost of P70,000.
From the bond issuance, what is the net cash received?
a. 2,020,000
b. 1,980,000
c. 1,950,000
d. 1,910,000
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