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Find what amount of gain should the company recognized

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Reference no: EM132745996

Problem 1: Assume that on the date of acquisition the debt investment was designated as investment at FVTOCI but reclassified on January 1, 2018 due to changes in business model as investment at FVTPL, what amount of gain (loss) should the company recognized on the date of reclassification?

a. P35,479

b. 77,894

c. P113,373

d. P0

Reference no: EM132745996

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