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1. On January 1, 20x1, Amara inc. purchased the following marketable securities to be held for trading, transaction costs are negligible. Information of fv are
1. On January 1, 20x1, Amara inc. purchased the following marketable securities to be held for trading, transaction costs are negligible. Information of fv are as follows: A co preference shares B co. ordinary shares C co. bonds totals Costs 50,000 40,000 30,000 120,000 FV Dec 31, 20x1 40,000 15,000 35,000 90,000 FV Dec 31, 20x2 55,000 20,000 30,000 105,000 On Feb. 2, 20x3, all a co preference shares was sold for p40,000, net of transaction cost 1. how much is the amount recognized as investment in securities futpl on december 31, 20x2? 2. how much is the realized or unrealized gain/loss to be recognized on december 31, 20x2? 3. how much is the realized or unrealized gain/loss on disposal on february 2, 20x3? 4. where do you recognized the gain/loss, in the p/l statement or the bs
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