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?

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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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