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On January 1, 2015, Alaska Corporation purchased P500,000 8% bonds for P475,126 (including broker's commission...

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Accounting

On January 1, 2015, Alaska Corporation purchased P500,000 8% bonds for P475,126 (including broker's commission of P20,000). Interest is payable annually every December 31. The bonds mature on December 31, 2017. The prevailing market rate for the bonds is 9% at December 31, 2015. If the bonds are classified as financial asset at fair value through Other Comprehensive Income, the amount to be recognized in the entity's 2015 OCI is? (Use 4 decimal places in PVF and round answers to nearest peso.)

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