In 2019, Blackpink Company purchased a marketable equity securities for P2,000,000 and held as trading investment. In the year ending 2019, Christian recognized unrealized gain of 300,000. Below is the composition of the composition of the portfolio of trading securities in December 2020. Security Cost Market Value A 400,000 700,000 B 850,000 1,000,000 C 750,000 500,000 What amount of unrealized loss should be reported by Jungkook Company in the year 2020?

In 2019, Blackpink Company purchased a marketable equity securities for P2,000,000 and held as trading investment. In the year ending 2019, Christian recognized unrealized gain of 300,000. Below is the composition of the composition of the portfolio of trading securities in December 2020. Security Cost Market Value A 400,000 700,000 B 850,000 1,000,000 C 750,000 500,000 What amount of unrealized loss should be reported by Jungkook Company in the year 2020?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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During 2021, Anthony Company purchased debt securities as a long-term investment and classified them as trading. All securities were purchased at par value. Pertinent data are as follows: The net holding gain or loss included in Anthonys income statement for the year should be: a. 0 b. 3,000 gain c. 9,000 loss d. 12,000 loss
In 2019, Mickey Mouse Company purchased trading securities for P2,000,000. In the year ending 2019, Mickey Mouse recognized unrealized gain of 300,000.Below is the composition of the composition of the portfolio of trading securities in December 2020. security cost market a 400,000 700,000 b 850,000 1,000,000 c 750,000 500,000 What amount of unrealized gain or loss should be reported by Mickey Mouse Company in the year 2020?
. During 2019, Blackpink Company purchased marketable equity securities to be measured at fair value through other comprehensive income. On December 31, 2019, the balance in the unrealized loss on these securities was P200,000. There were no security transactions during 2020. Pertinent data on December 31, 2020 are: Cost Security Value Marketable A 2,100,000 1,600,000 1,850,000 2,000,000 C 1,050,000 900,000 In the statement of changes in equity for 2020, what amount should be included as cumulative unrealized loss as component of other comprehensive income? *
During 2019, XYZ Co. purchased marketable equity securities to be measured at fair value thru other comprehensive income. On December 31, 2019, the balance of unrealized loss was P75,000. There were no security transactions during 2020. Pertinent data on December 31, 2020 are as follows: Security Cost Market Value АВС P1,000,000 850,000 950,000 P900,000 800,000 1,000,000 DEF MNO In the statement of changes in equity for 2020, how much should be included as cumulative unrealized loss as component of other comprehensive income?
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Asian bank acquired the following portfolio equity securities to other comprehensive income during 2018 and reported the following balances: Market ValueSecurity Historical Cost 2018 2019A 600,000 610,000 625,000B 380,000 385,000 400,000C 450,000 470,000 490,000No sales occurred during 2018 and 2019. All declines are considered to be temporary. What is the carrying value of the portfolio of equity securities in Asian's December 31, 2018 and 2019 statement of financial positions, respectively? a. 1,430,000 and 1,430,000 b. 1,430,000 and 1,515,000 c. 1,430,000…