What is the investment carrying value at december

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CARRYING VALUE OF BONDS

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: What is the investment carrying value at December 31, Year 2?

A. P 3,975,400

B. P 3,741,200

C. P 3,716,600

D. P 3,667,400

Reference no: EM132816368

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