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How much is the interest income in December

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Question - On July 1, 2022, Mahina Company acquires a 12%, 4-year, P3,000,000 face value bonds paying a total of 3,329,211. The bond was originally dated January 1, 2020 and yield a 10% interest.  Interest on this bond is collectible every December 31 each year. The company classified it as Debt Investment at FVTOCI. How much is the interest income in December 31, 2023?

Reference no: EM132982477

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