Jaybo Company purchased the following portfolio of equity instrument designated as fair value through other comprehensive income during 2022 and reported the following balances below. No sales occurred during 2021 and 2022. Goku Ordinary Shares Cost - 800,000 Market Value, 12/31/21 - 820,000 Market Value, 12/31/22 - 910,000 Vegeta Ordinary Shares Cost - 1,400,000 Market Value, 12/31/21 - 1,450,000 Market Value, 12/31/22 - 900,000 How much should Jaybo Company report as unrealized gain or loss related to the securities in its 2021 other comprehensive income?
Jaybo Company purchased the following portfolio of equity instrument designated as fair value through other comprehensive income during 2022 and reported the following balances below. No sales occurred during 2021 and 2022. Goku Ordinary Shares Cost - 800,000 Market Value, 12/31/21 - 820,000 Market Value, 12/31/22 - 910,000 Vegeta Ordinary Shares Cost - 1,400,000 Market Value, 12/31/21 - 1,450,000 Market Value, 12/31/22 - 900,000 How much should Jaybo Company report as unrealized gain or loss related to the securities in its 2021 other comprehensive income?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 28E
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Jaybo Company purchased the following portfolio of equity instrument designated as fair value through other comprehensive income during 2022 and reported the following balances below. No sales occurred during 2021 and 2022.
Goku Ordinary Shares
Cost - 800,000
Market Value, 12/31/21 - 820,000
Market Value, 12/31/22 - 910,000
Vegeta Ordinary Shares
Cost - 1,400,000
Market Value, 12/31/21 - 1,450,000
Market Value, 12/31/22 - 900,000
How much should Jaybo Company report as unrealized gain or loss related to the securities in its 2021 other comprehensive income?
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