User Account

All Pages

What is the amount of unrealized gain or loss

Assignment Help Accounting Basics
Reference no: EM132918412

Problem - A Company had various equity investments transactions during 2018 and 2019. The acquisition cost of all the securities in its portfolio during 2018 was P 532,000. At December 31, 2018 and December 31, 2019, the market value of these equity investments were P 541,000 and P 512,000 Respectively. In 2020, half of these securities are sold for P 275,000. Market value of all the equity investments as of December 31, 2020 is P 560,000.

Assuming no other transactions are noted regarding these financial assets and they are classified at fair value through profit or loss, what is the amount of unrealized gain or loss reported in the 2019 income statement relating to these securities?

Reference no: EM132918412

Questions Cloud

Successful public programs : Many industrialized nations have successful public programs in place that are more effective than those in the United States
What is the maximum price that the Pump Division should pay : What is the maximum price that the Pump Division should be willing to pay for valves transferred from the Valve Division
Define theory using plain language : Define the theory using plain language. In other words, use terms that someone who doesn't work in the communication field would understand.
Diversity through the lenses of history : We have explored diversity through the lenses of history, the humanities, and the natural and applied sciences.
What is the amount of unrealized gain or loss : What is the amount of unrealized gain or loss reported in the 2019 income statement relating to these securities
Create care plan for patient diagnosed with aids : Create a care plan for a patient diagnosed with AIDS. Include a summary of chief complaint, HPI, PMHx and PE.
Address aesthetic problem : You should address an aesthetic problem, and/or analyze a television program, or film, drawing on the various aesthetic insights you are learning in this class.
How does ethical leadership influence the judgments : How does ethical leadership influence the judgments and decisions made by accounting professionals
What is the default risk premium on vtech bonds : VTech Co.'s 5-year bonds yield 19%, and 5-year T-bonds yield 5.15%. What is the default risk premium on VTech bonds

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the project payback period

A project will require an initial investment of $600,000. What is the project's payback period

  What was the fraud zzzz best was committing

Read the case and watch the videos about the ZZZZ Best Company and Barry Minkow in the Content area. After reviewing all the material, answer the following issues. What was the fraud ZZZZ Best was committing, and how did they get away with it?

  At the beginning of april warren corporations assets

at the beginning of april warren corporations assets totaled 247000 and liabilities totaled 67000. during april the

  Calculate the conversion costs from the given information

Calculate the conversion costs from the following information. Which of the following is NOT a product cost under full absorption costing?

  Calculate the weighted average interest rate

Dexter had a 12%, 5-year, $3 million note payable and a 10%, 10-year, $1.8 million note payable outstanding all year. Calculate weighted average interest rate

  Prepare income statement and a balance sheet

Salaries and wages owed to employees at year-end amounted to $5,250. Prepare income statement for 2018 and a balance sheet as of December 31, 2018

  Prepare the entry to record the accounts written

Prepare the entry to record the accounts written off during the year. Prepare the entry to record the provision for uncollectibles.

  Accounting and auditing enforcement releases

Access the "Litigation" section of the SEC's website at www.sec.gov/litigation.shtml. Click on "Accounting and Auditing Enforcement Releases." Click on "AAER-3234" filed January 20, 2011. Read the release and the related SEC Complaint. Summarize t..

  Conan obrien logging and lumber company owns 3300 acres of

conan obrien logging and lumber company owns 3300 acres of timberland on the north side of mount leno which was

  Do some research and find an article that discusses

do some research and find an article that discusses financing with stock. based on the article determine what type of

  Create a new company data file using MYOB

The business is a book retailer named Yabby Books Pty Ltd. Create a new company data file using MYOB. Process transactions for July

  Caballero manufacturing incurs unit costs of 15 10 variable

caballero manufacturing incurs unit costs of 15 10 variable and 5 fixed in making a sub-assembly part for its finished

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd