Pompey Inc. carries the following marketable equity securities on its books at December 31, 2019and 2020. All securities were purchased during 2019.Trading Securities:CostFair Value12/31/1912/31/20P CompanyR CompanyT CompanyTotal500,000260,000700,0001,460,000260,000400,000600,0001,260,000400,000|400,000500,0001,300,000Financial asset @ FVOCI:CostFair Value12/31/1912/31/203,600,000C Company| CompanyTotal4,100,0001,000,0005,100,0001,200,0004,800,0003,600,0001,400,0005,000,000The net unrealized gain/loss at December 31, 2020 in accumulated other comprehensive income inshareholders' equity isO P100.000 lossOP 40.000 gainP260,000 lossO P200,000 gain

Fair value of Financial asset @ FVOCI at 12/31/2020 P50,00,000 Fair value of Financial asset @…

Pompey Inc. carries the following marketable equity securities on its books at December 31, 2019 and 2020. All securities were purchased during 2019. Trading Securities: Cost Fair Value 12/31/19 12/31/20 P Company R Company T Company Total 500,000 260,000 260,000 400,000 400,000 500,000 1,300,000 400,000 700,000 1,460,000 600,000 1,260,000 Financial asset @ FVOCI: Cost Fair Value 12/31/19 12/31/20 4,100,000 3,600,000 1,400,000 5,000,000 3,600.000 C Company | Company Total 1,200,000 4,800,000 1,000,000 5,100,000 The net unrealized gain/loss at December 31, 2020 in accumulated other comprehensive income in shareholders' equity is O P100,000 loss OP 40.000 gain O P260.000 loss O P200,000 gain

Pompey Inc. carries the following marketable equity securities on its books at December 31, 2019 and 2020. All securities were purchased during 2019. Trading Securities: Cost Fair Value 12/31/19 12/31/20 P Company R Company T Company Total 500,000 260,000 260,000 400,000 400,000 500,000 1,300,000 400,000 700,000 1,460,000 600,000 1,260,000 Financial asset @ FVOCI: Cost Fair Value 12/31/19 12/31/20 4,100,000 3,600,000 1,400,000 5,000,000 3,600.000 C Company | Company Total 1,200,000 4,800,000 1,000,000 5,100,000 The net unrealized gain/loss at December 31, 2020 in accumulated other comprehensive income in shareholders' equity is O P100,000 loss OP 40.000 gain O P260.000 loss O P200,000 gain

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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A8
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