Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pls ans thank you1. how much is the net unrealized

pls ans thank you1. how much is the net unrealized gain/loss2. how much is the...

80.2K

Verified Solution

Question

Accounting

pls ans thank you
1. how much is the net unrealized gain/loss
2. how much is the net amount in 2020 comprehensive income
image
image
image
Pompey Inc. carries the following marketable equity securities on its books at December 31, 2019 and 2020. All securities were purchased during 2019. FA@FVTPL Cost Fair value 12/31/1912/31/20 P Company P 500,000 P 260,000 P 400.000 R Company 260.000 400.000 400,000 T Company 200.000 600.000 500.000 Total P140.000 1.200.000 1.300.000 FAGFVTOCH Cost NE 122 Company 4.100.000 3.600.000 P300.000 Company 1000000 120000 1400 FA@FVTOCI: Cost Fair value 12/31/19 12/31/20 C Company P4,100,000 P3,600,000 P3.600,000 Company 1.000.000 1.200.000 1.400,000 Total PS 100 000 P4.800.000 PS 000.000 The net unrealized gain/loss at December 31, 2020 in accumulated other comprehensive income in shareholders equity is 0 100.000 loss 40,000 gain O 200,000 gain 10260,000 lose The net amount to be recognized in 2020 comprehensive income is O 200.000 gain 260.000 loss 60.000 loss 240.000 gain

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Discuss what plagiarism is and the various ways that people plagiarize. 2. State the consequences for...

Psychology
Q

1.      The demand data for a product over the past 5 months are shown below: MONTH DEMAND (number of units...

General Management
Q

An ideal DC source of emf E is an uncharged capacitor and inductor If switch...

Physics
Q

An experiment is performed on a puck on a level air hockey table where friction...

Physics
Q

What rule s of exponents applies to the following problem 4y Sy Select all that...

Basic Math
Q

Juliet is trying to increase her savings account and she decides that she is going...

Basic Math
Q

3. The following information comes from the records of...

Accounting
Q

Which does NOT occur during the budget facilitation and control process phase? Communicating organization...

Accounting
Q

Crane Company uses budgets in controlling costs. The August 2022 budget report for the companys...

Accounting
Q

Crane Company has provided information on intangible assets as follows. A patent was purchased from...

Accounting
Q

PRINTER VERSION Problem 21-2A BACK Rosenthal Company manufactures bowling balls through two processes: Molding and...

Accounting
Q

Discuss the major characteristics of the organization and conduct of CPA firms permit them to...

Accounting