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

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
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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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