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What is the carrying value of the securities on december

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Blue Company acquired the following portfolio of equity instruments during 2012 and reported the following balances at December 31, 2012. No sales occurred during 2012. All declines are considered to be temporary.

Security            Cost 12/31/12             Market Value
ADB                 P 350,000                 P 360,000
PNB                425,000                        400,000
LBP                  525,000                         640,000

problem 1: What is the carrying value of the securities on December 31, 2012 on Blue's balance sheet?

Reference no: EM132844147

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