What is the carrying value of the investment as of March 31, 2020?
What is the carrying value of the investment
On April 1, 2019, Padayon Co. acquired a 5-year bond with a face value of P1,200,000 and stated interest of 10% per year payable annually on December 31. The bonds were acquired to yield 12%. The bonds are to be appropriately classified as financial asset at amortized cost. What is the carrying value of the investment as of March 31, 2020?
a. 1,116,375
b. 1,117,716
c. 1,127,104
d. 1,140,515
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