In 2019, Blackpink Company purchased a marketable equity securities for P2,000,000 and held as trading investment. In the year ending 2019, Christian recognized unrealized gain of 300,000. Below is the composition of the composition of the portfolio of trading securities in December 2020. Security Cost Market Value A 400,000 700,000 B 850,000 1,000,000 C 750,000 500,000 What amount of unrealized loss should be reported by Jungkook Company in the year 2020?

In 2019, Blackpink Company purchased a marketable equity securities for P2,000,000 and held as trading investment. In the year ending 2019, Christian recognized unrealized gain of 300,000. Below is the composition of the composition of the portfolio of trading securities in December 2020. Security Cost Market Value A 400,000 700,000 B 850,000 1,000,000 C 750,000 500,000 What amount of unrealized loss should be reported by Jungkook Company in the year 2020?

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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