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What total amount of loss from the securities should be

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On August 31, 2017, ABC Company purchased the following fair value through other comprehensive income equity securities:

Security Cost               Fair Value December 31, 2017
D P96, 000                    P84, 000
E 152, 000                   158, 000
F 162, 000                   146, 000

Question 1: On December 31, 2017, ABC reclassified its investment in security F from fair value through other comprehensive income to held for trading securities. What total amount of loss from these securities should be included in ABC's income statement for the year ended December 31, 2017?

Option 1: P16, 000

Option 2: P28, 000

Option 3: P0

Option 4: Answer not given

Reference no: EM132586686

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