How much shall be the cumulative unrealized gain

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Question - On January 1, 20X1, ABC acquired 5,000 of XYZ's bonds denominated at P1,000, 12% interest rate, 5 years, intending to collect contractual cash flows. The effective rate in the market at that time is 10%. On December 31, 20X1, the market value of the bonds is P5,350,000 and P5,300,000 on December 31, 20X2. On December 31, 20x1, ABC changes its business model intending to collect contractual cash flows and sell them. How much shall be the cumulative unrealized gain ABC shall show in its comprehensive income?

Reference no: EM132981155

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