ation on Decembel Jing N Company s portIONO Or equily securities is as follows: Aggregate cost Unrealized gains Unrealized losses Net realized gains during the current year 1,700,000 40,000 260,000 300,000 The equity investments are measured at fair value through other comprehensive income. On January 1, 2013, the entity reported an unrealized loss of P15,000 to reduce investments to market on a portfolio basis. In the December 31, 2013 statement of changes in equity, what amount of unrealized loss should be reported? a. 260,000 b. 220,000 c. 205,000 d. 0

ation on Decembel Jing N Company s portIONO Or equily securities is as follows: Aggregate cost Unrealized gains Unrealized losses Net realized gains during the current year 1,700,000 40,000 260,000 300,000 The equity investments are measured at fair value through other comprehensive income. On January 1, 2013, the entity reported an unrealized loss of P15,000 to reduce investments to market on a portfolio basis. In the December 31, 2013 statement of changes in equity, what amount of unrealized loss should be reported? a. 260,000 b. 220,000 c. 205,000 d. 0

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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am.104.
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