Please answer NUMBERS 2 and 3 AND SHOW YOUR SOLUTION
Extracted text: held for trading. On December 31, 2015, the bonds are quoted at 104%. On January 1, 2015, Virginia Co. acquired a 5-year bonds with a total face valve of P5,000,000 for P5,379,079. The bonds carry an interest of 12% per yr PROBLEM 15-6 Initial and Subsequent measurement, Derecognition c financial asset measured at amortized cost on reclassification date. 0 payable every December 31. The bonds are to be appropriately classified , On November 1, 2016, Virginia Co. changed its business model. It · 2018 and Dece Reclassification of Trading Debt Securities On January 1, 2015, Virginia Co. acquired and held for trading. On December 31, 2015, the bonds are quoted at 10 las On January 3, 2016, the 2 of the bonds were sold at 105. determined that the remaining investment in bonds should he financial asset measured at amortized December 31, 2016, the bonds are quoted at 102. reclassified cost on reclassification dat, On January 1, 2017, the bonds were quoted at 104. Questions: Based on the above data, answer the following: CASE NO. 1- Assume the above data: 1. How much is the interest income for 2015? c. P600,000 d. P645,489 а. Nil b. P537,908 2. How much is the unrealized gain (loss) in 2015 to be recognized in t profit or loss? Nil c. P200,000 d. P(379,079) а. b. P(179,079) How much is the realized gain (loss) on sale in 2016 to be recognized in e profit or loss? Nil c. P(33,494) d. P(64,540) а. b. P25,000 3.