Unrealized holding gains and losses: An unrealized gain is a profit recorded on paper results from the investment. It occurs when shares prices increase after investor purchases it, but an individual has to sell it, till the time it is not sold the amount of increase in share price is recorded as an unrealized gain.
An unrealized loss is a loss recorded on paper results from the investment. It occurs when shares prices decrease after investor purchases it, but an individual has to sell it, till the time it is not sold the amount of decrease in share price is recorded as an unrealized loss.
Other revenues and gains: Other revenues and gains is the money which usually comes from the activities apart from the organization’s core operations.
(a) To prepare: To prepare the
Given information: All the information related to P Company is presented in the question document.
(b) To prepare: To prepare the journal entry to record the security purchase.
Given information: All the information related to P Company is presented in the question document.
(c) To determine: To determine the unrealized gains or losses and prepare the
Given information: All the information related to P Company is presented in the question document.
(d) To determine: To determine the reporting of the unrealized gains or losses on P Company’s income statement and
Given information: All the information related to P Company is presented in the question document.
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