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How much is the unrealized holding gain to be presented

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Reference no: EM132772302

On January 1,2013 AIR Inc. acquired 10,000 ordinary shares of WILEY Inc. at P20/share with the intent of selling them in the near future to generate short-term gains or profits. AIR also paid transactions costs amounting to P50,000.

The fair market values of Investment in Wiley are provided:

December 31,2013 P300,000
December 31,2014 P250,000

Problem 1: How much is the unrealized holding gain or loss to be presented in profit or loss by AIR for the year ended December 31,2014?

a. P100,00 gain
b. P50,000 gain
c. P100,000 loss
d. P50,000 loss

Reference no: EM132772302

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