14. Paul Williams Company presented the following information pertaining to its investments in marketable equity securities: Trading Available for Sale Cost P1,000,000 P1,000,000 Market value: December 31, 2021 December 31, 2020 1,050,000 980,000 920,000 950,000 What amount should Paul Williams report as unrealized gain in its 2020 income statement? а. P160,000 с. P100,000 b. P 110,000 d. P 50,000 15. What amount should Paul Williams report as unrealized gains/losses in its December 31, 2021 statement of shareholders' equity? P60,000 credit P20,000 debit P80,000 debit P20,000 credit а. с. b. d.

14. Paul Williams Company presented the following information pertaining to its investments in marketable equity securities: Trading Available for Sale Cost P1,000,000 P1,000,000 Market value: December 31, 2021 December 31, 2020 1,050,000 980,000 920,000 950,000 What amount should Paul Williams report as unrealized gain in its 2020 income statement? а. P160,000 с. P100,000 b. P 110,000 d. P 50,000 15. What amount should Paul Williams report as unrealized gains/losses in its December 31, 2021 statement of shareholders' equity? P60,000 credit P20,000 debit P80,000 debit P20,000 credit а. с. b. d.

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 9E

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