Splendid Company purchased equity securties during 2020 to be heid as investments. The cost and market value of the investments Cost Market December 31, 2000 Trading securties 2000.000 2.500.000 Securities not heid for trading 3.000.000 2.00.000 December 31, 2021 Trading securities 2000.000 2.200.000 Securities not heid for trading 3.000.000 2.300.000 The securties not heid for trading are measured at fair value through other comprehensive income by imevocabie election. Requirement Complete the table below. Write zero (0) eis not applicable. December 31. 2019 December 31. 2000 December 31, 2021 Statement of Financial Position Investments - FVPL Investments - FPVOCI Statement of Changes in Equity Cther Comprehensive income Retained eamings Statement of Comprehensive income Net income- Unvealized gainloss) Net income - Realized gainloss) Cher Comprehensive income- Unrealized gainoss)
Splendid Company purchased equity securties during 2020 to be heid as investments. The cost and market value of the investments Cost Market December 31, 2000 Trading securties 2000.000 2.500.000 Securities not heid for trading 3.000.000 2.00.000 December 31, 2021 Trading securities 2000.000 2.200.000 Securities not heid for trading 3.000.000 2.300.000 The securties not heid for trading are measured at fair value through other comprehensive income by imevocabie election. Requirement Complete the table below. Write zero (0) eis not applicable. December 31. 2019 December 31. 2000 December 31, 2021 Statement of Financial Position Investments - FVPL Investments - FPVOCI Statement of Changes in Equity Cther Comprehensive income Retained eamings Statement of Comprehensive income Net income- Unvealized gainloss) Net income - Realized gainloss) Cher Comprehensive income- Unrealized gainoss)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Splendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investments
are
Cost
Market
December 31, 2000
Trading securities
2.000.000
2.500.000
Securities not held for trading
3.000.000
2.500,000
December 31, 2021
Trading securities
2.000.000
2.200,000
Securities not held for trading
3,000.000
2.300,000
The securities not held for trading are measured at fair value through other comprehensive income by irevocable election.
Requirement Complete the table below. Wrte zero (0) it is not applicable.
December 31, 2019
December 31, 2020
December 31. 2021
Statement of Financial Position
Investments - FVPL
Investments - FVOCI
Statement of Changes in Equity
Cther Comprehensive Income
Retained earnings
Statement of Comprehensive Income
Net income - Unrealized gainloss)
Net income Realized gainloss)
Cther Comprehensive income-
Unrealized gainloss)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5569d703-6719-4a71-a223-dfe2122215fc%2F8d08f46e-3313-4114-8f2e-3cd65c780f23%2F7iro3bw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Splendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investments
are
Cost
Market
December 31, 2000
Trading securities
2.000.000
2.500.000
Securities not held for trading
3.000.000
2.500,000
December 31, 2021
Trading securities
2.000.000
2.200,000
Securities not held for trading
3,000.000
2.300,000
The securities not held for trading are measured at fair value through other comprehensive income by irevocable election.
Requirement Complete the table below. Wrte zero (0) it is not applicable.
December 31, 2019
December 31, 2020
December 31. 2021
Statement of Financial Position
Investments - FVPL
Investments - FVOCI
Statement of Changes in Equity
Cther Comprehensive Income
Retained earnings
Statement of Comprehensive Income
Net income - Unrealized gainloss)
Net income Realized gainloss)
Cther Comprehensive income-
Unrealized gainloss)
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