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What is the amount transferred to retained earnings

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Question - Paraw Company bought the ordinary shares of Tides Company designated as equity securities t fair value through other comprehensive income, as follows:

June 20, 2020-1,000 shares for P101,600

November 5, 2020- 3,000 shares at P104 per share

On January 25, 2021, Paraw Company received cash dividend of P4.50 per share.

On June 14, 2021, it received a 10% bonus issue and on July 18, 2021, Paraw sold 1,500 shares at P95 per share.

Market Values of Tides Company ordinary shares are as follows:

12/31/2020- P106.70 per share

4/7/2021 P96 per share

What is the amount transferred to retained earnings if Paraw Company opted to transfer the unrealized gain or loss relating to the shares sold.

Reference no: EM132930646

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