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What is the entry to record the unrealized gain or loss

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Reference no: EM133007415

On January 1, 2016, an entity purchased marketable equity securities not qualifying as financial asset held for trading. The entity elected to present changes in fair vake as component of other comprehensive income.

On December 31, 2016, the securities have the following cost and market value:

                                           Cost                         Market

Security A                   1,000,000               1,100,000

Security B                    2,000,000               2,700,000

Security C                     3,000,000              2,800,000

                                   6,000,000             6,600,000

Problem 1. What is the entry to record the unrealized gain or loss?

Reference no: EM133007415

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