What is the amount of unrealized gain or loss in connection

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Problem 1: On July 1, 20x3, Wenna Inc. purchased as a short-term investment a P 1,000,000 face value Keizen Co. 8% bond for P 910,000 plus accrued interest to yield 10%. The bonds mature on January 1, 20x10, pay interest annually on January 1, and are classified as Debt Investments @ Fair Value through Profit or Loss. On December 31, 20x3, the bonds had a fair value of P 945,000. On February 13, 20x4, Wenna sold the bonds for P 920,000. In its December 31, 20x3 statement of financial performance, what is the amount of Unrealized gain or loss in connection with the debt investments?

Reference no: EM132911554

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