. 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? *

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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. 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? *
Transcribed Image Text:. 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? *
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