Question: with solution Question 62 Pima Company acquires 50, 10%, 5 year, P1,000 Community bonds on January 1. 2022 for P51,250. This includes a brokerage commission

with solution

Question 62 Pima Company acquires 50, 10%, 5 year, P1,000 Community bonds on January 1. 2022 for P51,250. This includes a brokerage commission of P1,250. If Pima sells all of its Community bonds for P52,000 and pays P1.500 in brokerage commissions, what gain or loss is recognized? Gain of P2,000 O Loss of P750 2 pts O Gain of P3,000 O Gain of P750

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