Crypt Inc. carries the following marketable equity financial assets on its books at December 31, 2018 and 2019. All financial assets were purchased during 2018 and there were no beginning balances in any market adjustment accounts. 1.Compute the unrealized gain or loss that will presented in the income statement of 2018. 2. Compute the unrealized gain or loss that will presented in the income statement of 2019 3. Compute the unrealized gain or loss that will presented in the other comprehensive income of 2018 4. Compute the unrealized gain or loss that will presented in the other comprehensive income of 2019. 5.Compute the amount of unrealized gain or loss that will be presented in the Stockholders equity for 2020
Crypt Inc. carries the following marketable equity financial assets on its books at December 31, 2018 and 2019. All financial assets were purchased during 2018 and there were no beginning balances in any market adjustment accounts. 1.Compute the unrealized gain or loss that will presented in the income statement of 2018. 2. Compute the unrealized gain or loss that will presented in the income statement of 2019 3. Compute the unrealized gain or loss that will presented in the other comprehensive income of 2018 4. Compute the unrealized gain or loss that will presented in the other comprehensive income of 2019. 5.Compute the amount of unrealized gain or loss that will be presented in the Stockholders equity for 2020
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Crypt Inc. carries the following marketable equity financial assets on its books at December 31, 2018 and 2019. All financial assets were purchased during 2018 and there were no beginning balances in any market adjustment accounts.
1.Compute the unrealized gain or loss that will presented in the income statement of 2018.
2. Compute the unrealized gain or loss that will presented in the income statement of 2019
3. Compute the unrealized gain or loss that will presented in the other comprehensive income of 2018
4. Compute the unrealized gain or loss that will presented in the other comprehensive income of 2019.
5.Compute the amount of unrealized gain or loss that will be presented in the
Transcribed Image Text:FVTOCI Financial Assets- Equity:
G Company
$420,000 $360,000
$300,000
Н Company
100.000 120.00o
140.000
Total
$520.000 $480.000
$440.000
Transcribed Image Text:FVTPL Financial
Assets- Equity:
Market
Market
December 31. December 31.
Cost
2018
2019
D Company
$ 50,000 $ 26,000
$ 40,000
E Company
26.000
40,000
40,000
F Company
70.000 60.000
50.000
Total
$ 126.000
$ 130.000
146.000
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