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What are the amounts to appear in the statement

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Question - Gera Corporation owns two financial investments in the shares of listed companies. Details of which are as follows:

Investment  1 - Acquired on September 1, 2020 at cost of P50,000 with Fair value of P60,000 at year end for the purpose of trading.

Investment 2 -  Acquired on August 1, 2020 at a cost of P25,000 to hold indefinitely. Its fair value at year end is P20,000

What are the amounts to appear in the Statement of Financial position for the year ended September 30, 2020?

What are the amounts to appear in the statement of Profit and Loss for the year ended September 30, 2020?

What are the amounts to appear in the Statement of Comprehensive Income for the year ended September 30, 2020?

Reference no: EM132960809

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