. During the year 2019, Active Company acquired 10,000 ordinary shares of Passive Company P250,000 plus broker's commission of P 5,000. The shares acquired by Active are not intend for trading and Active does not have the ability to exercise significant influence over the operating and financial policies of passive. The market value of these shares are as follows: December 31, 2019--P260,000; December 31, 2020---P280,000 What is the cumulative balance of unrealized gain/loss on equity investment reported by Ac on Dec. 31, 2020?

. During the year 2019, Active Company acquired 10,000 ordinary shares of Passive Company P250,000 plus broker's commission of P 5,000. The shares acquired by Active are not intend for trading and Active does not have the ability to exercise significant influence over the operating and financial policies of passive. The market value of these shares are as follows: December 31, 2019--P260,000; December 31, 2020---P280,000 What is the cumulative balance of unrealized gain/loss on equity investment reported by Ac on Dec. 31, 2020?

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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