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What amount of realized gain or loss should dutch company

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Reference no: EM132692462

Problem 1: Dutch Company has 60,000 ordinary shares of Grand Company as investment in available for sale securities. These securities were acquired at fair market value, which was P80/share on May 2, 2019. On December 20, 2020, the market value of these shares is P90/share. On December 22, 2020, Dutch Company sold 42,000 shares of its investment in Grand Company for P91/share and incurred commission expense of P8,000. Market value of Grand's stock has yet to change, it remained at P90/share. What amount of realized gain or loss should Dutch Company recognize in selling these shares?

Reference no: EM132692462

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