15. On January 1,2020, PuriCormpony pUrchosed P5,000,000 foce voue of Show Company's 8% bonds for P4,562,000 to be held as financial assets at amortized COST. The bonds were purchased to yield 10%...

Purl Company

Extracted text: 15. On January 1,2020, PuriCormpony pUrchosed P5,000,000 foce voue of Show Company's 8% bonds for P4,562,000 to be held as financial assets at amortized COST. The bonds were purchased to yield 10% interest. The bonds mature on Sundary 1, 2026 and pay interest annuay on December31. Purl uses the interest meinod of amortization. What amount should Purl report in its December 31,2020 staternent of financialposition for this investment? Q. 4,680,020 b. 4,662000 C. 4,618,200 d. 4,562000