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How much is unrealized holding gain or loss to be presented

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On October 1, 2014, MATT Inc. acquired 10,000 ordinary shares of BPI Inc. at P10/share and paid transaction costs totaling P20,000. MATT irrevocably designated the investment at fair value through other comprehensive income. On November 1, 2014, BPI Inc. declared and distributed 20% share dividends to ordinary shareholders. On December 31,2014, the following quoted prices of BDO ordinary shares are available in the Philippine Stock Exchange: Asking Price - P15 & Bid Price - P20. On January 1, 2025, MATT sold 4,000 ordinary shares of BPI for P18/share less P2,000 disposal cost.

Problem 1: How much is the unrealized holding gain or loss to be presented in Other Comprehensive Income of Statement of Comprehensive Income for the year ended December 31, 2014?

Problem 2: Using the same data in preceding number, how much is the net debit/net credit to retained earnings from the disposal of ordinary shares of BPI on January 1, 2015? (USE PFRS 9)

Reference no: EM132772389

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