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Compute the gain or loss that would be reported

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Question - Hilton, Inc. has entity securities designated as at fair value through profit or loss that were purchased during 2019. At the end of 2019, the securities had total fair value of P525,000. As of December 31, 2020, the cost and fair values are as follows: Investment 1: Cost - 100,000, Fair Value - 90,000; Investment 2: Cost - 190,000, Fair Value - 210,000; Investment 3: Cost - 250,000; Fair Value - 235,000. Compute the gain or loss that would be reported in profit or loss as a result of the valuation of the securities at the end of 2017?

a. P5,000

b. P10,000

c. P20,000

d. P25,000

Reference no: EM132664626

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