Solution-What amount of unrealized gain or loss on the

What amount of unrealized gain or loss on the securities

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Reference no: EM132833887

Nation Company began business in November of 2011. During the year, Nation Company purchased portfolio of equity securities listed below. In its December 31, 201 balance sheet, National Company appropriately reported a P160,000 debit balance in its "Fair value adjustment- Equity Security" account. The composition of the securities did not change during 2012.

Pertinent data are as follows:

Securities Cost Market Value, Dec. 31, 2012

A P 1,200,000 P1,260,000

B 900,000 950,000

C 1,600,000 1,620,000

D P 3,700,000 P 3,830,000

Problem 1: What amount of unrealized gain or loss on these securities should be included in Nation 97 Company's profit or loss for the year ended December 31, 2012 assuming the equity securities were designated as investment to profit or loss?

Reference no: EM132833887

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What amount of unrealized gain or loss on the securities

Reference no: EM132833887

Reference no: EM132833887

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