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Question - On January 1, 2024, BROKER Inc. acquired bonds of BDO Inc. with the intention of obtaining profit for short-term fluctuations in its fair value. The bonds are purchased for P3,100,000. BROKER Inc. incurred transaction costs totalling P49,211. The bonds have face value of P3,000,000 payable at the end of its three-year term. Interest of 12% is payable annually every December 31. The applicable effective rate of the bonds is 10%. On December 31, 2024, the bonds of BDO are traded in the exchange market at 110. On January 1, 2025, BROKER Inc. sold the bonds of BDO for 105 less disposal cost of P20,000. How much is the realized gain/(loss) on disposal of Bonds on January 1, 2015?
a. P30,000
b. (P170,000)
c. P100,000
d. (P200,000)
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