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15 minutes remaining please help Fill in the blanks / identification Melody Company holds debt securities within a business model whose objective is achieved both
15 minutes remaining please help
Fill in the blanks / identification Melody Company holds debt securities within a business model whose objective is achieved both by collecting contractual cash flows and selling the debt securities. The contractual cash flows are solely payments of principal and interest on specified dates A 5-year 4% P4,000,000 bond was purchased on December 31, 2018 and matures on December 31, 2023. The bonds were purchased to yield 7% interest Interest is collected every December 31 The following fair values of the bonds at end of the year are as follows: December 31, 2019, December 31, 2020 December 31, 2021 December 31, 2022. December 31, 2023 98 96 100 97 99 (Round-off Present Value Factors to FOUR decimal places) 1. Compute the cumulative balance of unrealized gain or loss to be presented as a component of equity in the statement of financial position as of the following period a December 31, 2020. b. December 31, 2021. c. December 31, 2022 2. Assuming the bonds were sold on January 1, 2021 at P1.100,000, compute the gain or loss) on sale 3. Assuming the bonds were sold on March 1.2021 at P1.100,000 including any accrued interest, compute the gain or loss) on sale Continue >
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