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January 1 20x1, ABC Co. acquired 8%, P1,000,000 bonds for P936,603. the principal is due on December 31,20x4 but interest is due annually at each

January 1 20x1, ABC Co. acquired 8%, P1,000,000 bonds for P936,603. the principal is due on December 31,20x4 but interest is due annually at each year end. the yield rate on the bonds is 10%. the investment will be subsequently measured at amortized cost. How much will be the carrying amount of the investment on December 31, 20x2?

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