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How much is the cumulative unrealized holding gain

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On January 1,2013 , WIND Inc. acquired 20,000 preference shares of WAYNE Inc. at P15/share and irrevocably designated the investment at fair value through other comprehensive income. WIND Inc. paid broker fees and transfer taxes totaling P50,000.

The fair market values of Investment in WAYNE are provided:

December 31,2013 P300,000
December 31,2014 P500,000

Problem 1: How much is the cumulative unrealized holding gain or loss to be presented in the other comprehenive income of Statement of Financial Position as of December 31,2014?

a. P150,000 gain (credit)
b. P200,000 gain (credit)
c. P50,000 loss (debit)
d. P100,000 loss (debit)

Reference no: EM132772308

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