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?how much is the unrealized gain recognized in profit

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Reference no: EM133001591

On January 1, 2020, BTS Corporation purchased a 10%, P3,000,000 face value bonds to yield 12%. The bonds mature on January 1, 2030. The business model used by the company is to not to collect contractual cash flows. The following information is available:

Date, Quoted price in market, Effective interest

December 31, 2020 - none - 12%
December 31, 2021- none- 10%
December 31, 2022- P105- none
December 31, 2023- 112- none

Problem 1: How much is the interest income recognized in 2021?

Problem 2: How much is the unrealized gain (loss) recognized in profit or loss in 2022?

Reference no: EM133001591

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