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What is axel net income

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Question - Axel Company buys and sells securities expecting to earn profits on short-term differences in price. During 2016, Axel Company purchased the following trading securities:

Security

Cost

Fair Value (Dec. 31, 2016)

A

P195,000

P225,000

B

300,000

162,000

C

660,000

678,000

Before any adjustments related to these trading securities, Axel Company had net income of P900,000.

What is Axel's net income after making any necessary trading security adjustments?

Reference no: EM133165068

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