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How much is the cumulative balance

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Problem - SUKONA Company acquired equity securities at the beginning of 2020. SUKONA Company provided you the following information: Security - AKO Co. shares No. of shares - 100,000 shares. Acquisition Cost - P5,250,000. AKO shares were acquired and were designated as financial asset at fair value through OCI. The shares were acquired at P52.50 per share which included a P2.50 per share transaction cost. Half of the AKO shares were sold at P58 per share on July 1, 2021. Fair value, Dec. 31, 2020 - P55/share. Fair value, Dec. 31, 2021 - P62/share. How much is the cumulative balance of unrealized gain/loss transferred to Retained Earnings upon sale of investment?

Reference no: EM133019148

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