The values of the trading securities (FVPL) were as follows: Original cost: Securities X - P 4,000; Securities Y P 2,000; Securities Z - P 5,000 Market value- beginning of the year: Securities X - P 3,700; Securities Y - P 1,800; Securities Z - P 4,500 Market value- end of the year: Securities X- P 4,200; Securities Y - P 2,300; Securities Z - none During the year security Z was sold for P 4,800. How much is the unrealized gain to be recognized during the year? OP 1,500 OP 2,000 OP 800 O P 1,000

The values of the trading securities (FVPL) were as follows: Original cost: Securities X - P 4,000; Securities Y P 2,000; Securities Z - P 5,000 Market value- beginning of the year: Securities X - P 3,700; Securities Y - P 1,800; Securities Z - P 4,500 Market value- end of the year: Securities X- P 4,200; Securities Y - P 2,300; Securities Z - none During the year security Z was sold for P 4,800. How much is the unrealized gain to be recognized during the year? OP 1,500 OP 2,000 OP 800 O P 1,000

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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Please show your work.
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