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What amount of unrealized loss should be reported

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Reference no: EM132891200

In 2019, Jungkook Company purchased a marketable equity securities for P2,000,000 and held as trading investment. In the year ending 2019, Christian recognized unrealized gain of 300,000.

Below is the composition of the composition of the portfolio of trading securities in December 2020.

                    Security Cost            Market Value
A              400,000                    700,000
B              850,000                  1,000,000
C              750,000                   500,000

Problem 1: What amount of unrealized loss should be reported by Jungkook Company in the year 2020?

Reference no: EM132891200

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