Problem 3 On December 31, 2020, Fay Company appropriately reported a P100,000 unrealized loss. There was no change in 2021 in the composition in the portfolio of marketable equity securities held as financial asset at fair value through other comprehensive income. Pertinent data are as of follows: Market value Security Cost December 31, 2021 1,300,000 500,000 1,500,000 A 1,200,000 В 900,000 1,600,000 3,700,000 3,300,000 What amount of loss on these securities should be included in the statement of comprehensive income for the year ended December 31, 2021 as component of other comprehensive income? 400,000 b. 300,000 a. 100,000 d. 0 C.

Problem 3 On December 31, 2020, Fay Company appropriately reported a P100,000 unrealized loss. There was no change in 2021 in the composition in the portfolio of marketable equity securities held as financial asset at fair value through other comprehensive income. Pertinent data are as of follows: Market value Security Cost December 31, 2021 1,300,000 500,000 1,500,000 A 1,200,000 В 900,000 1,600,000 3,700,000 3,300,000 What amount of loss on these securities should be included in the statement of comprehensive income for the year ended December 31, 2021 as component of other comprehensive income? 400,000 b. 300,000 a. 100,000 d. 0 C.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter13: Marketable Securities And Derivatives

Section: Chapter Questions

Problem 25P

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