On January 1, 2020, DEF Company purchased equity securities for P18,000,000. The entity paid the...
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On January 1, 2020, DEF Company purchased equity securities for P18,000,000. The entity paid the broker P20,000 for his commission. Provided below are the fair value of the equity securities: December 31, 2020 - P10,000,000 December 31, 2021-P12,500,000 December 31, 2022-P15,100,000 December 31, 2023 - P20,500,000 - Selling price Requirement: The company uses the Fair Value through Other Comprehensive Income in valuing the investments. Complete the table below: Jan 1, 2020 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Statement of Financial Position Investments - FVOCI Statement of Changes in Equity Other Comprehensive Income Retained earnings Statement of Comprehensive Income (Other Comprehensive Income) Unrealized gain (loss) HH
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