Question
On January 1, 2017, Robelyn Co. acquired 5-year bonds with a total face value of P5,000,000 and stated interest of 12% per year payable annually
On January 1, 2017, Robelyn Co. acquired 5-year bonds with a total face value of P5,000,000 and stated interest of 12% per year payable annually on December 31. The bonds were acquired to yield 10%. The bonds are to be appropriately classified as financial asset measured at fair value through other comprehensive income. On December 31, 2017, the fair value of the is at 104%,
On January 3, 2018, the 1/2 of the bonds were sold at 105.
How much is the interest income for 2017?
How much is the realized gain (loss) on sale in 2017 to be recognized in the profit or loss?
How much is the realized gain (loss) on sale in 2018 to be recognized in the profit or loss?
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