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What amount of impairment loss being recognized

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Question - In December 1, 2021 Bullish Company, a large entity, bought 90,000 shares of buoyant Company's listed shares for P600,000. On December 31, 2021 objective evidence showed that the securities had a fair market value of P450,000. On December 31, 2022 market condition had improved and the securities fair had risen to P695,000.

Assuming the securities were classified at initial recognition as at FVTPL, what amount of impairment loss being recognized in its December 31, 2016 income statement?

Reference no: EM133151390

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