During 2020, Carpenters Corporation purchased equity securities and carried them at fair value through other comprehensive income. Pertinent data follow: Earth Ordinary Wind Ordinary Fire Ordinary Cost P36,000 P80,000 P180,000 Market value. 12/31/20 40,000 60,000 186,000 The unearned loss reported in Carpenter's 2015 profit or loss is: A. P0 B. P6,000 C. P10,000
During 2020, Carpenters Corporation purchased equity securities and carried them at fair value through other comprehensive income. Pertinent data follow: Earth Ordinary Wind Ordinary Fire Ordinary Cost P36,000 P80,000 P180,000 Market value. 12/31/20 40,000 60,000 186,000 The unearned loss reported in Carpenter's 2015 profit or loss is: A. P0 B. P6,000 C. P10,000
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 15DQ
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During 2020, Carpenters Corporation purchased equity securities and carried them at fair value through other comprehensive income. Pertinent data follow:
Earth Ordinary Wind Ordinary Fire Ordinary
Cost P36,000 P80,000 P180,000
Market value. 12/31/20 40,000 60,000 186,000
The unearned loss reported in Carpenter's 2015 profit or loss is:
A. P0
B. P6,000
C. P10,000
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