On December 31, 2019, Belle Company appropriately reported a P100,000 unrealized loss. There was no change in 2020 in the composition of Belle’s portfolio of Investments in equity securities held as financial asset at fair value through other comprehensive income. Pertinent data are as follows: Security Cost Market value December 31, 2020 A 1,200,000 1,300,000 B 900,000 500,000 C 1,600,000 1,500,000 3,700,000 3,300,000 What amount of loss on these securities should be included in the statement of comprehensive income for the year ended December 31, 2020, as component of other comprehensive income?
On December 31, 2019, Belle Company appropriately reported a P100,000 unrealized loss. There was no change in 2020 in the composition of Belle’s portfolio of Investments in equity securities held as financial asset at fair value through other comprehensive income. Pertinent data are as follows:
Security Cost Market value
December 31, 2020
A 1,200,000 1,300,000
B 900,000 500,000
C 1,600,000 1,500,000
3,700,000 3,300,000
What amount of loss on these securities should be included in the statement of comprehensive income for the year ended December 31, 2020, as component of other comprehensive income?
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