On December 31, 2020, Fay Company appropriately recored a P100,000 unrealized loss. There was no...
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Accounting
On December 31, 2020, Fay Company appropriately recored a P100,000 unrealized loss. There was no change during 2021 in the composition of the portfolio of the marketable equity securities held as financial asset at fair value through other comprehensive income.
Security
Cost
Market Value 12/31/21
A
1,200,000
1,300,000
B
900,000
500,000
C
1,600,000
1,500,000
What amount of loss on these securities should be include in the statement of comprehensive income for the year ended December 31, 2021 as component of other comprehensive income?
a.P100,000
b.Nil
c.P300,000
d.P400,000
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