aybo Company purchased the following portfolio of equity instrument designated as fair value through other comprehensive income during 2022 and reported the following balances below. No sales occurred during 2021 and 2022. Goku Ordinary Shares Cost - 800,000 Market Value, 12/31/21 - 820,000 Market Value, 12/31/22 - 910,000 Vegeta Ordinary Shares Cost - 1,400,000 Market Value, 12/31/21 - 1,450,000 Market Value, 12/31/22 - 900,000 How much should Jaybo Company report as unrealized gain or loss related to the securities in its 2022 statement of comprehe
aybo Company purchased the following portfolio of equity instrument designated as fair value through other comprehensive income during 2022 and reported the following balances below. No sales occurred during 2021 and 2022. Goku Ordinary Shares Cost - 800,000 Market Value, 12/31/21 - 820,000 Market Value, 12/31/22 - 910,000 Vegeta Ordinary Shares Cost - 1,400,000 Market Value, 12/31/21 - 1,450,000 Market Value, 12/31/22 - 900,000 How much should Jaybo Company report as unrealized gain or loss related to the securities in its 2022 statement of comprehe
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...
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Jaybo Company purchased the following portfolio of equity instrument designated as fair value through other comprehensive income during 2022 and reported the following balances below. No sales occurred during 2021 and 2022.
Goku Ordinary Shares
Cost - 800,000
Market Value, 12/31/21 - 820,000
Market Value, 12/31/22 - 910,000
Vegeta Ordinary Shares
Cost - 1,400,000
Market Value, 12/31/21 - 1,450,000
Market Value, 12/31/22 - 900,000
How much should Jaybo Company report as unrealized gain or loss related to the securities in its 2022 statement of comprehensive income?
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