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X co. Issued a 10% PHP 10,000,000.00 bonds on january 1, 2018 at 105. The effective...

X co. Issued a 10% PHP 10,000,000.00 bonds on january 1, 2018 at 105. The effective interest rate on this day is 12%. Interest are paid annually on Dec. 31. Compute (a) cash received on Jan 1, 2018 (b) interest paid on dec. 31, 2018 (c) total interest expense for 2018?

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