Question: On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest every June 30 and December 31. The bonds

On January 1,2021, Nyah Company acquired Two-Face Companys 9%, P2,000,000 par value bonds paying interest every June 30 and

On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest every June 30 and December 31. The bonds which will mature on January 1, 2025 and were purchased to yield 12%. Nyah Company classifies the investment as financial asset at amortized cost. The fair value of the bonds on December 31, 2021 was P1,900,200. Interest income for 2022

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