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Calculate the carrying value of the bond at December

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Question - On January 1, 2021, XYZ Inc. invested in 5 years, $150,000, 5% bonds for $143,681. Interests are paid annually on December 31. The bonds are managed on a contractual yield basis where the business model requires XYZ Inc. to hold it to maturity. Batman Inc. uses amortized cost model to account for bond investment. It follows IFRS and has a December 31 year end. Calculate the carrying value of the bond at December 31, 2022.

Reference no: EM133129547

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