How much total income or loss will be reported

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Question - Bear Co. purchased £500,000 of bonds at par. Bear management has an active trading business model for this investment. At December 31, Bear received annual interest of £20,000, and the fair value of the bonds was £470,400. In Bear Co.'s year-end statement of financial position what amount will be reported for the bond investment and how much total income/loss will be reported on its income statement?

Reference no: EM132571979

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