8. On Dec. 4, 20x1, Defrost Co. purchased P200,000 bonds at gg Defrost incurred P20,000 transaction costs in the acquisition The bonds mature on Jan. 1, 20x5 and pay annual interest at 12%. The bonds were acquired as part of a portfolio of investments that are managed together for short-term profit taking. The bonds were quoted at 101 on Dec. 31, 20x1. Defrost sold the bonds at 110 on Jan. 12, 20x2. At what amount should Defrost report the bonds in its 20x1 financial statements, what amount of holding gain (loss) should Defrost recognize in 20x1, and what amount of gain (loss) should Defrost recognize from the sale on Jan. 12, 20x2? a. 202,000; 6,000; 18,000 c. 196,000; 0; 24,000 b. 216,000; 0; 4,000 d. 202,000; (14,000); 18,000 9. In 20x1, Run Co. acquired bonds with face amount of P200,000 for P196,000. The bonds mature on Jan. 1, 20x5 and pay annual interest at 12%. Run classified the bonds as FVPL asset. There are no quoted prices for the bonds. However, Run determined that similar bonds were selling at a yield rate of 10% on Dec. 31, 20x1. What amount fair value gain (loss) should Run report 1its 20x1 financial statements? (16,679) b. 16,679 c. 13,947