On January 1, 2020, Blue Company purchased P500,000 89% bonds for P475,126 (including broker's commission of...

 

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On January 1, 2020, Blue Company purchased P500,000 89% bonds for P475,126 (including broker's commission of P20,000.) Interest is payable annually every December 31. The bonds mature on December 31, 2022. The prevailing parget rate for the bonds is 9% on December 31, 2020. Round off present value factors to four (4) decimal places and final answers to the nearest peso. If the investment is classified as financial asset at amortized cost determine the following The amount to be recoginized in 2020 profit or los. [Select ] The amount to be reported on the entity's December 31, 2020 statement of financial position is? On January 1, 2020, Blue Company purchased P500,000 89% bonds for P475,126 (including broker's commission of P20,000.) Interest is payable annually every December 31. The bonds mature on December 31, 2022. The prevailing parget rate for the bonds is 9% on December 31, 2020. Round off present value factors to four (4) decimal places and final answers to the nearest peso. If the investment is classified as financial asset at amortized cost determine the following The amount to be recoginized in 2020 profit or los. [Select ] The amount to be reported on the entity's December 31, 2020 statement of financial position is?

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