trading securities account has an unadjusted balance of P483,640 as of December 31, 20X1.\\nThe company's equity portfolio as of year-end showed the following:\\nTotal No. of Shares\\nCost\\nMarket Price per Share\\n Baclaran Cement\\nFil-Estate lonics\\nLa Tondena\\nSelecta\\nUnion Bank\\n7.000\\nP108.500\\nP16.00\\ n10.000\\n195.000\\n19.75\\n2,400\\ n49,200\\n24.00\\n2.000\\n67,000\\ n26.00\\n8,000\\n31,600\\n1.20\\n1. 600\\n50.880\\n27.50\\nP502,180\\n The securities are listed on the stock exchange. The company follows the fair value model in accounting for its investments. What is the adjusted trading securities balance as of December 31, 20X1?\\nA. P403.640\\nC. P491,240\\nB. P502,180\\nD. P472,700
trading securities account has an unadjusted balance of P483,640 as of December 31, 20X1.\\nThe company's equity portfolio as of year-end showed the following:\\nTotal No. of Shares\\nCost\\nMarket Price per Share\\n Baclaran Cement\\nFil-Estate lonics\\nLa Tondena\\nSelecta\\nUnion Bank\\n7.000\\nP108.500\\nP16.00\\ n10.000\\n195.000\\n19.75\\n2,400\\ n49,200\\n24.00\\n2.000\\n67,000\\ n26.00\\n8,000\\n31,600\\n1.20\\n1. 600\\n50.880\\n27.50\\nP502,180\\n The securities are listed on the stock exchange. The company follows the fair value model in accounting for its investments. What is the adjusted trading securities balance as of December 31, 20X1?\\nA. P403.640\\nC. P491,240\\nB. P502,180\\nD. P472,700
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:trading securities account has an
unadjusted balance of P483,640 as of
December 31, 20X1.\\nThe company's
equity portfolio as of year-end showed
the following:\\nTotal No. of
Shares\\nCost\\nMarket Price per
Share\\n Baclaran Cement\\nFil-Estate
lonics\\nLa
Tondena\\nSelecta\\nUnion
Bank\\n7.000\\nP108.500\\nP16.00\\
n10.000\\n195.000\\n19.75\\n2,400\\
n49,200\\n24.00\\n2.000\\n67,000\\
n26.00\\n8,000\\n31,600\\n1.20\\n1.
600\\n50.880\\n27.50\\nP502,180\\n
The securities are listed on the stock
exchange. The company follows the
fair value model in accounting for its
investments. What is the adjusted
trading securities balance as of
December 31, 20X1?\\nA.
P403.640\\nC. P491,240\\nB.
P502,180\\nD. P472,700
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