During 2019, the first year of operation, Maly Corporation made various investments in trading securities. On December 31, 2019, the investments had the following cost and market value: Cost Market Value 12/31/2019 P 1,250,000 900,000 700,000 XYZ P1,300,000 800,000 1,000,000 MNO FGH How much should be included as unrealized loss on the income statement for the year 2019? Zero O P250,000 O P450,000 P350,000

During 2019, the first year of operation, Maly Corporation made various investments in trading securities. On December 31, 2019, the investments had the following cost and market value: Cost Market Value 12/31/2019 P 1,250,000 900,000 700,000 XYZ P1,300,000 800,000 1,000,000 MNO FGH How much should be included as unrealized loss on the income statement for the year 2019? Zero O P250,000 O P450,000 P350,000

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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Concept explainers

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

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How much should be included as unrealized loss on the income statement for the year 2019?

During 2019, the first year of operation, Maly Corporation made various investments in trading
securities. On December 31, 2019, the investments had the following cost and market value:
Cost
Market Value
P 1,300,000
800,000
1,000,000
12/31/2019
P 1,250,000
900,000
700,000
XYZ
MNO
FGH
How much should be included as unrealized loss on the income statement for the year 2019?
O Zero
O P250,000
O P450,000
P350,000

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