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48. During 2020, Albania Company purchased marketable equity securities for P1,850,000 to be held as trading investments. In 2020, the entity appropriately reported an
48. During 2020, Albania Company purchased marketable equity securities for P1,850,000 to be held as trading investments. In 2020, the entity appropriately reported an unrealized loss of P200,000 in the income statement. There was no change during 2020 in the composition of the portfolio of trading securities. Pertinent data on December 31,2021 are: Security RST Cost 600,000 450,000 800,000 Market Value 700,000 400,000 900,000 What amount of unrealized gain on these securities should be included in the 2021 income statement?
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