How much is the interest revenue reported by superb company

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Reference no: EM132816371

On July 1, Year 2, Superb Company purchased 4,000 of the P1,000 face amount, 8% bonds of Oat Corp. for P3,692,000 to yield 10% per annum. The bonds, which mature on July 1, Year 5, pay interest semiannually on January 1 and July 1. Superb classifies the securities as at amortized cost.

Problem 1: How much is the interest revenue reported by Superb Company in its statement of comprehensive income for year ended December 31, Year 2?

A. P 200,000

B. P 190,800

C. P 184,600

D. P 160,000

Reference no: EM132816371

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