On April 1, 2021, Eminem Company purchased 4,000 of the P1,000 face amount, 8% bonds of Stan Company for P3,692,000 to yield 10% per annum. The bonds, which mature on April 1, 2026, pay interest semiannually on April 1 and October 1. Eminem classifies the securities as at amortized cost. What is the investment carrying value at December 31, 2021?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On April 1, 2021, Eminem Company purchased 4,000 of the P1,000 face amount, 8% bonds of Stan Company for P3,692,000 to yield 10% per annum. The bonds, which mature on April 1, 2026, pay interest semiannually on April 1 and October 1. Eminem classifies the securities as at amortized cost.

What is the investment carrying value at December 31, 2021?

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