FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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N company purchased debt investment at amortized cost at a discount of P20,000.  Subsequently, N sold these bonds at a premium of P28,000.  During the period the N held this investment, amortization of discount amounted to P4,000. How much is the gain/loss on the sale of the debt investment?  

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