Answer the following problem below

At the beginning of current year, Manifold Company began operations. The following information related to the portfolio of equity securities held at year-end: Trading Non-trading Aggregate cost 360,000 550,000 Aggregate fair value 320,000 450,000 Aggregate lower of cost or market value applied to each security in the portfolio 304,000 420,000 The nontrading investments are measured at fair value through the other comprehensive income. What amount should be reported as unrealized loss in the income statement for the current year? a. 140,000 b. 186,000 c. 40,000 d. 56,000Lagoon Company purchased the following investments during 2020: . . Market value Classication Cost December 31, 2020 Security A Trading 900.000 1.000.000 Security B Trading 1.000.000 1.600.000 On July 31, 2021. the entity sold all oi the shares of Security B for P1,100,000. On December 31, 2021. the shares of Security A had a market value of P600000. No other activity occurred during 2021 in relation to the trading security portfolio. What total loss on the trading securities should be reported in the income statement lor 2021? a. 500,000 b. 400,000 0. 900.000 d. 100,000 Transitory Company acquired the following equity securities: Cost Market December 31, 2020 Moon Company 200,000 120,000 Star Company 400,000 280,000 Sun Company 600,000 650,000 December 31, 2021 Moon Company 200,000 220,000 Star Company 400,000 300,000 Sun Company 600,000 580,000 The equity securities do not qualify as held for trading. The entity has elected irrevocably to present changes in fair value in other comprehensive income. Requirement: Complete the table below. Write zero (0) if it is not applicable. December 31, 2020 December 31, 2021 Statement of Financial Position Investments - FVOCI Statement of Other Comprehensive Income Unrealized gain Unrealized loss Statement of Changes in Equity Other Comprehensive Income Retained earningsAborgine Company reported the following accounts in the Statement of Financial Position on January 1, 2020: Noncurrent assets 4,000,000 Financial asset - FVOCI (500,000) Market adjustment for unrealized loss 3,500,000 Market value Other comprehensive income Unrealized loss (500,000) An analysis of the investment portfolio revealed the following on December 31, 2020: Cost Market XYZ ordinary share 1,000,000 1,200,000 ABC ordinary share 2,500,000 2,000,000 RST preference share 500,000 200,000 4,000,000 3,400,000 On July 1, 2021, the ABC ordinary share was sold for P2, 100,000. On December 31, 2021, the remaining investments have the following market value: XYZ ordinary share 1,000,000 RST preference share 150,000 Requirement: Complete the table below. Write zero (0) if it is not applicable. December 31, 2020 December 31, 2021 Statement of Financial Position Investments - FVOCI Statement of Other Comprehensive Income Unrealized gain Unrealized loss Statement of Changes in Equity Other Comprehensive Income Retained earningsSplendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investments are: Cost Market December 31, 2020 Trading securities 2,000,000 2,500,000 Securities not held for trading 3,000,000 2,900,000 December 31, 2021 Trading securities 2,000,000 2,200,000 Securities not held for trading 3,000,000 2,300,000 The securities not held for trading are measured at fair value through other comprehensive income by irrevocable election. Requirement: Complete the table below. Write zero (0) if it is not applicable. December 31, 2020 December 31, 2021 Statement of Financial Position Investments - FVPL Investments - FVOCI Statement of Income Unrealized gain Unrealized loss Realized gain Realized loss Statement of Other Comprehensive Income Unrealized gain Unrealized loss Statement of Changes in Equity Other Comprehensive Income Retained earningsOn January 1, 2020, Spark Company purchased the following trading securities: Cost Fair Value December 31, 2020 Aura Company ordinary 600,000 650,000 Bora Company preference 350,000 200,000 Cara Company bonds 500,000 400,000 On October 1, 2021, the entity sold one-half of Aura Company for P375,000. On December 31, 2021, the fair value of the remaining securities was P800,000. Requirement: Complete the table below. Write zero (0) if it is not applicable. December 31, 2020 December 31, 2021 Statement of Financial Position Investments - FVPL Statement of Income Unrealized gain Unrealized loss Realized gain Realized loss Statement of Changes in Equity Retained earningsDuring 2020. Haggard Company purchased marketable equity securities for P1.850.000 to be held as trading investments. In 2020, the entity appropriately reported an unrealized Ioss of 200,000 in the income statement. There was no change during 2021 in the composition at the portfolio of trading securities. Pertinent data on December 31. 2021 are: Security Cost Market A 600.000 700.000 3 450.000 400,000 0 800.000 900.000 What amount of unrealized gain on these securities should be included in the 2021 income statement? a. 350,000 b. 150.000 c. 550.000 d. 0 Template Company provided the following with respect to marketable equity securities held as "trading". 1. The entity carried the following securities on December 31, 2020: Cost Market A ordinary - 4,000 shares 330,000 300,000 B ordinary - 1,000 shares 200,000 160,000 C preference - 2,000 shares 300,000 310,000 830.000 770,000 2. On June 30, 2021, the entity sold all the B ordinary shares for P140,000. 3. On December 31, 2021, the securities are quoted as follows: A ordinary - 4,000 shares P80 per share C preference - 2,000 shares P180 per share Requirement: Complete the table below. Write zero (0) if it is not applicable. December 31, 2020 December 31, 2021 Statement of Financial Position Investments - FVPL Statement of Income Unrealized gain Unrealized loss Realized gain Realized loss Statement of Changes in Equity Retained earningsDuring 2020, Knicknack Company purchased marketable equity securities to be measured at fair value through other comprehensive income. On December 31, 2020, the balance in the unrealized loss of these securities was P200,000. There were no security transactions during 2021. Pertinent data on December 31, 2021 are: Security Cost Market X 2, 100,000 1,600,000 Y 1,850,000 2,000,000 Z 1,050,000 900,000 In the statement of changes in equity for 2021, what amount should be included as cumulative unrealized loss as component of other comprehensive income? a. 500,000 b. 300,000 c. 200,000 d. 0Judicious Company acquired an equity investment a number of years ago for P3,000,000 and classified it as at fair value through other comprehensive income. On December 31, 2020, the cumulative loss recognized in other comprehensive income was P400,000 and the carrying amount of the investment was P2,600,000. had fallen to P1,200,000. On December 31, 2021, the issuer of the equity instrument was in severe financial difficulty and the fair value of the equity investment What cumulative amount of unrealized loss should be reported as component of other comprehensive income in the statement of changes in equity for the year ended December 31, 2021? a. 1,400,000 b, 1,800,000 c. 1,000,000 d. 0