On January 1, 2021, Blue company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields 10%. The bonds pay interest semi-annually every January 1and July 1. At December 31, 2021, each bonds is selling at P1,075. The debt investment is classified as at FVPL. What was the carrying value of the debt investment at December 31, 2021?

On January 1, 2021, Blue company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields 10%. The bonds pay interest semi-annually every January 1and July 1. At December 31, 2021, each bonds is selling at P1,075. The debt investment is classified as at FVPL. What was the carrying value of the debt investment at December 31, 2021?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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