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How much is the bond investment on December

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Question - On January 1, 2019, Rhian Company purchased P1,000,000, 12% bonds of Andrei Company for P1,063, 394, a price that yields 10%. The bonds mature on December 31, 2022. On April 1, 2021, to pay the maturing obligation, Rhian sold P600,000 face value bonds at 101 plus accrued interest. The market value of the bonds on December 31, 2019, 2020 and 2021, respectively are: 108, 106 and 104. If the entity classified the investment at fair value through profit or loss, how much is the bond investment on December 31, 2020?

Reference no: EM132983208

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