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How much are the interest income

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Question - On Jan 1 2021, ABC acquired 100 P5,000 face amount 10 pct 3 year term bonds of XYZ for P428,567. ABC incurred transaction costs of P25,000. The effective interest rate is 14pct. Bonds were quoted at 102 on Dec 31, 2022.

How much are the interest income and carrying amount of the bonds on Dec 31, 2022 if the bonds are held under FVOCI?

How much are the interest income in 2022 and the carrying amount of the bonds on Dec 31 if the bonds are held under hold to collect business model?

Reference no: EM133104802

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