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What amount of unrealized gain or loss should be reported

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Question - ABC Company had trading and nontrading investments held throughout 2016 and 2017. The nontrading investments are measured at fair value through other comprehensive income. The investments had a cost of P3,000,000 for trading and P3,000,000 for nontrading.

The investments had the following fair value at year end:

December 31, 2016 December 31, 2017

Trading 4,000,000 3,800,000

Nontrading 3,200,000 3,700,000

What amount of unrealized gain or loss should be reported in the income statement for 2017?

a. P200,000 gain

b. P300,000 gain

c. P300,000 loss

d. P200,000 loss

e. Answer not given

Reference no: EM132567798

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