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How much are the interest income and carrying amount

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Question - On Jan 1 2021, Koong Co acquired 100 P5,000 face amount 10 pct 3 year term bonds of King Co for P428,567. Koong 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?

Reference no: EM133097424

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