On January 1, 2021, Aruba Company purchased 10% bonds with a face amount of P5,000,000 at P4,760,000. The bonds payable effective rate is 12%. The bonds are dated January 1, 2019, and pay interest annually on December 31 of each year. The bond's quoted price on December 31, 2021, is P102. The entity has irrevocable use the fair value at other comprehensive income. Determine the Unrealized gain - OCI, December 31, 2021.
On January 1, 2021, Aruba Company purchased 10% bonds with a face amount of P5,000,000 at
P4,760,000.
The bonds payable effective rate is 12%.
The bonds are dated January 1, 2019, and pay interest annually on December 31 of each year.
The
The entity has irrevocable use the fair value at other comprehensive income.
Determine the Unrealized gain - OCI, December 31, 2021.
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