Splendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investmentsare:CostMarketDecember 31, 2020Trading securities2,000,0002,500,000Securities not held for trading3,000,0002,900,000December 31, 2021Trading securities2.000,0002,200,000Securities not held for trading3,000,0002,300,000The securities not held for trading are measured at fair value through ather comprehensive income by irrevocable election.Requirement: Complete the table below. Wite zero (0) #R is not applicable.December 31, 2020December 31, 2021Statement of Financial PositionInvestments - FVPLInvestments - FVOCIStatement of IncomeUnrealized gainUnrealized lossRealized gainRealized lossStatement of Other Comprehensive IncomeUnrealized gainUnrealized lossStatement of Changes in EquityOther Comprehensive IncomeRetained earnings

Splendid Company purchased equity securties during 2020 to be heid as investmenta. The cost and market value of the investments are: Cost Market December 31, 2020 Trading securities 2,000,000 2,500,000 Securities not held for trading 3,000,000 2.900,000 December 31, 2021 Trading securities 2,000,000 2,200,000 Securities not held for trading 3,000,000 2.300,000 The securities not held for trading are measured at fair value through other comprehenaive income by irevocable election. Requirement: Complete the table below. Wite zero (0) nis not applicable. December 31, 2020 December 31, 2021 Statement of Financial Position Investments -FVPL Investments - FVOCI Statement of Income Unrealized gain Unrealized loss Realized gain Realized loss Statement of Other Comprehensive Income Unrealized gain Unrealized loss Statement of Changes in Equity Other Comprehensive Income Retained earnings

Splendid Company purchased equity securties during 2020 to be heid as investmenta. The cost and market value of the investments are: Cost Market December 31, 2020 Trading securities 2,000,000 2,500,000 Securities not held for trading 3,000,000 2.900,000 December 31, 2021 Trading securities 2,000,000 2,200,000 Securities not held for trading 3,000,000 2.300,000 The securities not held for trading are measured at fair value through other comprehenaive income by irevocable election. Requirement: Complete the table below. Wite zero (0) nis not applicable. December 31, 2020 December 31, 2021 Statement of Financial Position Investments -FVPL Investments - FVOCI Statement of Income Unrealized gain Unrealized loss Realized gain Realized loss Statement of Other Comprehensive Income Unrealized gain Unrealized loss Statement of Changes in Equity Other Comprehensive Income Retained earnings

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 8P

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