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What the amount to be recognized

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Question - On January 1, 2021, ABC Corp. purchased a debt instrument at its face value of P1,000,000. The contractual term is ten years with an annual coupon of 6%. On December 31, 2021, the fair value of the instrument decreases to P955,000. 12-month expected credit losses as determined under the impairment are P25,000.

Required -

What the amount to be recognized in P/L assuming the investment is classified as FA-FVTOCI?

What the amount to be recognized in P/L assuming the investment is classified as FA-FVPL?

What the amount to be recognized in P/L assuming the investment is classified as FA-AC?

Reference no: EM132984487

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