During 2021, Sandhill Company purchased 20000 shares of Tamarisk Corp. common stock for $430000 as a passive interest investment. The fair value of these shares was $578000 at December 31, 2021. During 2022, Sandhill sold all of the Tamarisk stock for $452000. Sandhill Company should report a realized gain on the sale of stock in 2022 of O $22000. O $50000. O $52000. O $74000.

Cariston, Inc. has equity securities designated as at fair value through profit or loss that were purchased during 2020. At the end of 2020, the securities had total market value of P525,000. As of December 31, 2021, the records show cost and market value as follows:                    Investment                Cost Market Value 1                 P100,000                    P90,000 2                 190,000                      210,000 3                  250,000                      235,000   The gain or loss that would reported in profit or loss as a result of the valuation of the securities at the end of 2021 is

Pearson Corporation purchased a 20% interest in Dish Company common stock on January 1, 2019 for $300,000. This investment was accounted for using the complete equity method and the correct balance in the Investment in Dish account on December 31, 2021 was $440,000. The original excess purchase transaction included $60,000 for a patent amortized at a rate of $6,000 per year. In 2022, Dish Corporation had net income of $4,000 per month earned uniformly throughout the year and paid $20,000 of dividends in May. If Pearson sold one-half of its investment in Dish on August 1, 2022 for $500,000, how much gain was recognized on this transaction? A) $190,540B) $280,950 C) $610,000D) $438,100

On January 2, 2020, Black Company purchased 17% of Rock Company's common stock for $51,000. Rock's net income for the years ended December 31, 2020, and December 31, 2021, were $15,000 and $59,000, respectively. During 2020, Rock declared and paid a dividend of $67,500. On December 31, 2020, the fair value of the Rock stock owned by Black had increased to $69,000. How much should Black show in the 2020 income statement as income from this investment? Multiple Choice $29,475. There is no correct answer. $24,000. $11,475. $18,000. ME MacBook Air

Cloud 9 Inc. has equity securities designated as at fair value through profit or loss that were purchased during 2020. At the end of 2020, the securities had a total fair value of P525,000. As of December 31, 2021, the cost and fair values are as follows: Investment Cost Fair Value 1 P100,000 P 90,000 2 190,000 210,000 3 250,000 235,000 The gain or loss that would be reported in profit or loss as a result of the valuation of the securities at the end of 2021 is? A P5,000 B P25,000 c) P10,000 D P20,000

On February 2, 2020, Groove Company purchased 15% of Pop Company's common stock for $54,00O. Pop's net income for the years ended December 31, 2020, and December 31, 2021, were $16,000 and $54,000, respectively. On July 30, 2020, Pop declared and paid a dividend of $66,500. On December 31, 2020, the fair value of the Pop stock owned by Groove had increased to $72,000. How much should Groove show in the 2020 income statement as income from this investment? Multiple Choice $18,000. $9,975. $24,000. $27,975.

On December 31, 2020, Hazel Company held 1,000 ordinary shares of X Co. in its portfolio of long-term investments in equity securities. The shares were designated as at fair value through other comprehensive income. The shares had a cost of P150 per share and had a fair value of P130 per share at December 31, 2020. During 2021, Hazel acquired the following investments, all of which were designated as at fair value through other comprehensive income: 900 ordinary shares of Y Co. for P180 per share and 800 ordinary shares of Z Co. for P220 per share. At the end of 2021, market values per share were: X - P140; Y - P170; Z - P200. What is the net unrealized loss account balance reported in the stockholders' equity section of Hazel Company's statement of financial position at December 31, 2021? (A) PO B) P15,000 P20,000 D) P35,000

On its December 31, 2024, balance sheet, Sandhill Company reported its investment in equity securities, which cost $690000, at fair value of $618000. At December 31, 2025, the fair value of the securities was $649000. What should Sandhill report on its 2025 income statement as a result of the increase in fair value of the investments in 2025? O Realized gain of $31000 O Unrealized gain of $31000 O Unrealized loss of $41000 O $0

During 2019, the first year of operation, Maly Corporation made various investments in trading securities. On December 31, 2019, the investments had the following cost and market value: Cost Market Value P 1,300,000 800,000 1,000,000 12/31/2019 P 1,250,000 900,000 700,000 XYZ MNO FGH How much should be included as unrealized loss on the income statement for the year 2019?

On February 11, 2021, Brownie Corp. purchased 500 common shares of Candy Inc. for $45,000 and classified the investment as FV-OCI.  At December 31, 2021, the fair value of the shares is $42,160.  Assuming that Brownie has a December 31 year-end, the required year-end adjusting entry for this investment is:   Question 13 options:   DR FV-OCI investments $42,160  CR AOCI $42,160   DR AOCI $2,840  CR FV-OCI investments $2,840   DR AOCI $42,160  CR FV-OCI investments $42,160   DR FV-OCI investments $2,840  CR AOCI $2,840