Pompey Inc. carries the following marketable equity securities on its books at December 31, 2021 and 2022. All securities were purchased during 2021. Trading Securities: Cost P 500,000 Fair value 12/31/21 P 260,000 Fair value 12/31/22 P 400,000 AAA Company ВвB Сompany ccc Company 260,000 _700.000 P1,460.000 400,000 400,000 600.000 500.000 Total P1,260.000 P1.300.000 Financial Assets at Fair value through OCI Cost Fair value 12/31/21 Fair value 12/31/22 DDD Company EEE Company Total P4,100,000 P3,600,000 P3,600,000 1.000,000 P5.100.000 1,200.000 P4.800.000 1.400,000 P5.000.000
Pompey Inc. carries the following marketable equity securities on its books at December 31, 2021 and 2022. All securities were purchased during 2021. Trading Securities: Cost P 500,000 Fair value 12/31/21 P 260,000 Fair value 12/31/22 P 400,000 AAA Company ВвB Сompany ccc Company 260,000 _700.000 P1,460.000 400,000 400,000 600.000 500.000 Total P1,260.000 P1.300.000 Financial Assets at Fair value through OCI Cost Fair value 12/31/21 Fair value 12/31/22 DDD Company EEE Company Total P4,100,000 P3,600,000 P3,600,000 1.000,000 P5.100.000 1,200.000 P4.800.000 1.400,000 P5.000.000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 7RE: Refer to the information in RE13-5. Assume that on December 31, 2019, the investment in Smith...
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The net amount to be recognized in 2021 comprehensive income is
The net amount to be recognized in 2022 comprehensive income is
The net unrealized gain/loss at December 31, 2022 in accumulated other comprehensive income in shareholders' equity is
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