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On July 2020, Hawk Company purchased P5,000,000 face amount 8% bonds for P4,615,000 to yield 10% per year to be held as financial asset at

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On July 2020, Hawk Company purchased P5,000,000 face amount 8% bonds for P4,615,000 to yield 10% per year to be held as financial asset at amortized cost . The Bonds pay interest semiannually on January 1 and July 1. on December 31, 2020, what amount should be reported as interest receivable? Select the correct response 230,750 200,000 184,600 250,000

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