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20. At the end of the first year of operations, the total cost of the trading securities (financial assets at FVTPL) portfolio is W120,000,000. Total
20. At the end of the first year of operations, the total cost of the trading securities (financial assets at FVTPL) portfolio is W120,000,000. Total fair value is W115,000,000. The financial statements should show: (A) a reduction of an asset of W5,000,000 and a realized loss of W5,000,000. (B) a reduction of an asset of W5,000,000 and an unrealized loss of w5,000,000 in the equity section. (C) a reduction of an asset of W5,000,000 in the current assets section and an unrealized loss of W5,000,000 in Other income and expense." (D) a reduction of an asset of W5,000,000 in the current assets section and a realized loss of W5,000,000 in "Other income and expense
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