question archive On October 1, 2020, Peter Senen Company invests P3,000,000 in abound whose interest payments are linked to the price of gold
On October 1, 2020, Peter Senen Company invests P3,000,000 in abound whose interest payments are linked to the price of gold
Subject:AccountingPrice:2.87 Bought7
On October 1, 2020, Peter Senen Company invests P3,000,000 in abound whose interest payments are linked to the price of gold. On October 1, 2020, the derivative contract has a fair value of P150,000. Peter Senen Company has a business model with the objective of trading all financial instruments.
What is the carrying value of the available for sale investment on October 1, 2020?
a. P150,000
b. P2,850,000
c. P3,000,000
d. P3,150,000
Option 1
Low Cost Option
Download this past answer in few clicks
2.87 USD
PURCHASE SOLUTION
Option 2
Custom new solution created by our subject matter experts
GET A QUOTE
rated 5 stars
Purchased 7 times
