Use the following information for the next two questions.PINA CO. carries the following marketable equity securities on its books at December 31, 2012 and 2013.All securities were purchased during 2012 and there were no beginning balances in any market adjustmentaccounts.Financial Assets through Profit or Loss:Fair value12/31/12 12/31/13CostC Company P 500,000 P 260,000P400,000E Company260,000400,000400,000R Company700,000600,000500,000TotalP1,460,000 P1,260,000 P1.300,00Financial Assets through OCI:CostFair value12/31/12 12/31/13T Company P4,200,000 P3,600,000 P3,600,00S Company 1.000,000 1,200,000 1,400,000TotalP5,200,000 P4,800,000 P5.000,.0012. The net amount to be recognized in the 2013 profit or loss is13. The net amount to be recognized in 2013 as other comprehensive income is

All financial instruments held for sale are recognized at FVOCI and the instruments held for trading…

Use the following information for the next two questions. PINA CO. carries the following marketable equity securities on its books at December 31, 2012 and 20 All securities were purchased during 2012 and there were no beginning balances in any market adjustm accounts. Financial Assets through Profit or Loss: Cost Fair value 12/31/12 12/31/13 P 400,000 C Company P 500,000 P 260,000 E Company 260,000 400,000 400,000 R Company 700,000 600,000 500,000 Total P1,460,000 P1,260,000 P1.300.00 Financial Assets through OCI: Cost Fair value 12/31/12 12/31/13 T Company P4,200,000 P3,600,000 P3,600,00 S Company Total 1.000,000 1.200,000 1.400,000 P5,200,000 P4.800,000 P5.000,00 2. The net amount to be recognized in the 2013 profit or loss is 3. The net amount to be recognized in 2013 as other comprehensive income is

Use the following information for the next two questions. PINA CO. carries the following marketable equity securities on its books at December 31, 2012 and 20 All securities were purchased during 2012 and there were no beginning balances in any market adjustm accounts. Financial Assets through Profit or Loss: Cost Fair value 12/31/12 12/31/13 P 400,000 C Company P 500,000 P 260,000 E Company 260,000 400,000 400,000 R Company 700,000 600,000 500,000 Total P1,460,000 P1,260,000 P1.300.00 Financial Assets through OCI: Cost Fair value 12/31/12 12/31/13 T Company P4,200,000 P3,600,000 P3,600,00 S Company Total 1.000,000 1.200,000 1.400,000 P5,200,000 P4.800,000 P5.000,00 2. The net amount to be recognized in the 2013 profit or loss is 3. The net amount to be recognized in 2013 as other comprehensive income is

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter13: Marketable Securities And Derivatives

Section: Chapter Questions

Problem 24P

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