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unrealized gain

unrealized gain

FINANCIAL ACCOUNTING
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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27. During 2013, H Company purchased marketable equity securities for P1,850,000 to be held as trading investments. In 2013, the entity appropriately reported an unrealized loss of P200,000 in the income statement. There was no change during 2013 in the composition of the portfolio of trading securities. Pertinent data on December 31, 2014 are as follows: Cost 600,000 450,000 800,000 Security A Market value 700,000 400,000 900,000 B C What amount of unrealized gain on these securities should be included in the 2014 income statement? 350,000 b. 150,000 550,000 d. 0 а. C.
Transcribed Image Text:27. During 2013, H Company purchased marketable equity securities for P1,850,000 to be held as trading investments. In 2013, the entity appropriately reported an unrealized loss of P200,000 in the income statement. There was no change during 2013 in the composition of the portfolio of trading securities. Pertinent data on December 31, 2014 are as follows: Cost 600,000 450,000 800,000 Security A Market value 700,000 400,000 900,000 B C What amount of unrealized gain on these securities should be included in the 2014 income statement? 350,000 b. 150,000 550,000 d. 0 а. C.
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