portroli comprehensive income at December 31, 2019: Purchase Fair Value at 12/31/2019 price 225,000 250,000 Joe ordinary shares Kram preference shares 133,000 140,000 Teph ordinary shares 180,000 178,000 On April 30, 2020, Zeroooo sold all the Joe shares at P54 per share. On July 31, 2020, 3,000 of Diode Corporation were acquired at P59, also classified at FV-OCI.
portroli comprehensive income at December 31, 2019: Purchase Fair Value at 12/31/2019 price 225,000 250,000 Joe ordinary shares Kram preference shares 133,000 140,000 Teph ordinary shares 180,000 178,000 On April 30, 2020, Zeroooo sold all the Joe shares at P54 per share. On July 31, 2020, 3,000 of Diode Corporation were acquired at P59, also classified at FV-OCI.
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 16E
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How much gain or loss shall be recognized in Profit or Loss on the sale of Joe shares on April 30, 2020?
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