5. Allan Frank Silva Sere aa Seren = tra drat wna ra se pet e 2 BO¥sion rvahos a arpa "UE and subsequen recognized as revenue yon the redemption of he pol 8,2 te woghng ap Oe abun oars, ena be sou t wen i nt te a no ines Yb sid prcbaniies Mpa ‘juste forthe eect of other possible cutcomes 8. AS uname eveue ©. As adeceu ony a. 2, lesson ote azn To eva ek an quay an nda on sue, mvc A. Bond ets potty ivestenthoces ne MHS hey on 8. Neveppe ates ©. Bord inteest 4 Dyeautge in presen vas of art stn excage a | [asst fant sun neha arp es ant is at ewes ‘roa aot pre oeth oo rte ©. ‘Amorzd asset exons oe ete eet ©. Incite ners expare neyo saan 10. Acorg a PERS 8 cage ova ta eral Kily cyt ar ae PL setae edt mcd A> Or cameleon ne aster 1. Ofer conpetesieinane ©. The nots ohana semen . The cath ow aoe Problem Solving: Wie your ct in goad czar ural ane. A Garisn Misi Emgorum cares aie vat of mstaligtumers cor eow:ion ealonart esd mus et heat ‘si Garson uses no sls pomcion acngus- waranies an promis areas Musial stunts and ound aumento wh @ ney waranty rpc pate oor. Th ead ‘warranty cost, based on past experience, is 2% of sales. Th prema fered on re ered and shox muse Casas ova coupon eat en pert on ere user Seal mile Cuore may xcarge 20 cougns a P20 x an MPS pape Caron gay Pr ah pa ences ha Oat the coupons pert cucone le eon, Garrison's total Sales for 2019 were P7,200,000 ~ 5,700,000 trom musical instruments and sound reproduction equipment end 'P1,500,000 from recorded music and sheet musi. Replacement parts and labor fr warranty work totaled P94,000 during 2019. A {otal of 6500 players use in the premium program wore prchasod rng th yar and thre were 1200 00 coups rede in 2019.The balances in tesco ted to wartatsanprenius.on Janu 1, 2019, wee shown below: veto reriurs =P, Prema til 45 Waar aity -PYEE, OD. Garson Muse Eger peptng fs ancl sateen fhe ya ended Dceber 3,209 Require: Delerine the pensar exper, a premium lel ht wl be sho onthe 2018 nancial statements. 2 e B. On December 31,2019, Fatal Co! dqured a computer rom Plato Group by ssi 2 P00, 000 ernest beating note, ‘avabl in tu on December 31,202. Falta’ cred rating peso oro funds om is several nes of cred at 10% The ‘computer's expected havea v-year fe and aP70,00 resul value The PY cn ordnay annut of 1 a1 for 4penodts 15.1656. The PV of at Ofer prs 0 68901 Required: What's the book ae fhe nce pyale as of December 31,0217 Round of na anner oe nearest erin.) im i (C. Chen Lid, issued 8s 9%, 25-year rorgage Bonds in the pencigal amount of P30,000,000 on gantry 2, 2008) ta discount of » Fa. osteo). Tremere sostng te ie proved Wet bonds coud 9 caer eemson “YS naan tne oe ratty 04 fl onan at et oie ig rb 182018 he company suds 1% yea devi ons nb pret anon of a, 000000 102 and the proceed were sed rere, 25 yer megee bonds on arty 2 200 Th rete secur te mew isie ct provide ay sing fn rrr sr ty, Th uranored econ era was P1426. Require: How mich she oss on xngisnart of tang tom te erevet te ord on Jan 2 20207 . Samantha Corda. n intemedte accounting siden shaving dfcuy amrtzng bond premiums and discounts using he ete interest method. Futhemore, she canot understand wy IFRS requires hat is method be used. She has came o you hte folowing problem, loking fr hp, ‘On June 30,2018, Hobart SA issued P2,00,000 face vate of 1% 20year Don a 2,171,600, a yet of 10% Hobart wes the etfectve terest method to amorize bond premiums or discounts. Te bonds pay ser annui intrest on June 30 and Dec. 31, ‘Required: Amertzed cost of he bond a of June 30, 202 Round of awe fo the reaast whe number) E. Schmitt Compan ine of ampiirs caries 3-year asswance type waranty against deocs. On he bas of pas experiance, the estimated waranty cos related to paso sal frst year ate sale ~ 7% of sas; cond yar after sale ~ 3 sales) ‘hid yoar fie sale ~ 5% of sales. Sales and ava waranty exendltires forthe st 3 yeas of business wer i | spPkR ot Fens ieises Required Comat ne out hat chit Conpry shoul repo a aby is Deco 31 750, inert rari poston Asie that eae a made every thon each yea wth waranty erence ao ety Space lve he ‘alas above, Eps 00 convert br ia va of 00 por ton. tert tbe pat ach bondi Conwertbe, at the holder's option, into 200,P2 pa value orinary vance tho provaling market interest ate for sr dab witout the The bonds were converted on F. Op.lanway 1, 2019, Dias Company issued 3-year, ual i aears at the sated coupon rate of reat any time up to matty. On te date ‘conversion prlege was 9% On th same date, the markt pie of one ordinary share was P3 ber 31 a Tha olonig present value factors are obtained trom te present vale tales: “7 “2 PO mm resent value of for 3 prods se lesbee* 077218 Prost rdw ofan vay amily the Spiods 267301 | 283130, $3¢.fPresnt va of nanny cua ot 3 prods 2eR0 278011 Required Cir orth rere Expons obo repaid rhe year ended Deemer St, 2D Sass NE RE bis ‘A pear isa beaut tig that Is produced by an injured iets the tee rom the ijuryof the oyster. The treasure of our being in his OT predate went, Pl ene en we we ee pe a : eo eis ~ Stepan