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. During the year 2019, Active Company acquired 10,000 ordinary shares of Passive Company P250,000 plus broker's commission of P 5,000. The shares acquired by Active are not intend for trading and Active does not have the ability to exercise significant influence over the operating and financial policies of passive. The market value of these shares are as follows: December 31, 2019--P260,000; December 31, 2020---P280,000 What is the cumulative balance of unrealized gain/loss on equity investment reported by Ac on Dec. 31, 2020?

. During the year 2019, Active Company acquired 10,000 ordinary shares of Passive Company P250,000 plus broker's commission of P 5,000. The shares acquired by Active are not intend for trading and Active does not have the ability to exercise significant influence over the operating and financial policies of passive. The market value of these shares are as follows: December 31, 2019--P260,000; December 31, 2020---P280,000 What is the cumulative balance of unrealized gain/loss on equity investment reported by Ac on Dec. 31, 2020?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 14RE
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. During the year 2019, Active Company acquired 10,000 ordinary shares of Passive Company for P250,000 plus broker's commission of P 5,000. The shares acquired by Active are not intended for trading and Active does not have the ability to exercise significant influence over the operating and financial policies of passive. The market value of these shares are as follows: December 31, 2019--P260,000; December 31, 2020---P280,000 What is the cumulative balance of unrealized gain/loss on equity investment reported by Active on Dec. 31, 2020?
Transcribed Image Text:. During the year 2019, Active Company acquired 10,000 ordinary shares of Passive Company for P250,000 plus broker's commission of P 5,000. The shares acquired by Active are not intended for trading and Active does not have the ability to exercise significant influence over the operating and financial policies of passive. The market value of these shares are as follows: December 31, 2019--P260,000; December 31, 2020---P280,000 What is the cumulative balance of unrealized gain/loss on equity investment reported by Active on Dec. 31, 2020?
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