Pls. answer this one 10.White Wolf Company purchased the following investments during 2019:CostP 900,0001000.000ClassificationSecurity ASecurity BTradingTradingMarket Value Dec. 31, 2019P1,000,0001.600,000On July 31, 2020, the entity sold half of the shares of Security B for P850,000. OnDecember 31, 2020, the shares of Security A and Security B had a market value ofP600,000 and P900,000, respectively. No other activity occurred during 2020 in relationto the trading security portfolio.What is the net gain or (loss) to be presented in the Income Statement at year-end of2020?A.250,000(250,000)300,000(300,000В.C.D.11.Refer to the information in question No. 10. What is the balance of Trading Securities tobe presented in the Statement of Financial Position at year-end of 2020?A.В.C.D.1.500,0001.900,0001,800,0001,300,000

White Wolf Company's for year ended 2019 : Security A of cost = P900000 Market value of A =…

10. White Wolf Company purchased the following investments during 2010: Market Value Dec. 31, 2010 Classification Security A Trading Trading Cost P 00,000 1,000 000 P1,000,000 1.800.000 Security B On July 31, 2020, the entity sold half of the shares of Security B for P850,000. On December 31, 2020, the shares of Security A and Security B had a market value of PO00,000 and PO00,000, respectively. No other activity occurred during 2020 in relation to the trading security portfolio. What is the net gain or (loss) to be presented in the Income Statement at year-end of 2020? 250,000 A. В. (250,000) C. 300,000 D. (300,000 11. be presented in the Statement of Financial Position at year-end of 2020? A. В. C. D. Refer to the information in question No. 10. What is the balance of Trading Securities to 1,500,000 1.000,000 1,600,000 1,300,000

10. White Wolf Company purchased the following investments during 2010: Market Value Dec. 31, 2010 Classification Security A Trading Trading Cost P 00,000 1,000 000 P1,000,000 1.800.000 Security B On July 31, 2020, the entity sold half of the shares of Security B for P850,000. On December 31, 2020, the shares of Security A and Security B had a market value of PO00,000 and PO00,000, respectively. No other activity occurred during 2020 in relation to the trading security portfolio. What is the net gain or (loss) to be presented in the Income Statement at year-end of 2020? 250,000 A. В. (250,000) C. 300,000 D. (300,000 11. be presented in the Statement of Financial Position at year-end of 2020? A. В. C. D. Refer to the information in question No. 10. What is the balance of Trading Securities to 1,500,000 1.000,000 1,600,000 1,300,000

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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