applied auditing

19 Carrying amount of Available for Sale Securities as of December 31, 2019 A P844,000 B P806,000 C P906,000 D P944,000 20 In 2019, what amount of unrealized gain or loss should be shown as component of income and equity? INCOME EQUITY A P12,000 gain P62,000 gain B P4,000 gain P22,000 loss C P12,000 loss P122,000 loss D P4,000 loss P78,000 gain11:38 Q till 38% % PROBLEM NO. 4 On December 31, 2018, La Cost Company's financial statements showed the following balances related to its securities accounts: Trading securities P 1,477,500.00 Available-for-sale securities (AFS) 1,180,000.00 La Cost's securities portfolio on December 31, 2018, was made up of the following securities: Security Classification Cost Fair Value 10,000 Yeye Bonel Corp. shares Trading P 750,000.00 P 762,500.00 8,000 Totoy Bibo Inc. shares Trading 550,000.00 528,250.00 10% Mayniladlad bonds Trading 250,000.00 186,750.00 10,000 Bulaklak Inc. shares Available for sale 590,000.00 630,000.00 20,000 Jumbo Inc. shares Available for sale 490,000.00 550,000.00 During 2019, the following transactions took place: Mar 1 Purchased 3,000 additional shares of Yeye Bonel Corp. for P 229,500,classified as held for trading. Apr 15 Sold 4,000 shares of Totoy Bibo Inc. for P 69 per share. May 4 Sold 4,000 shares of Bulaklak Inc. for P 62 per share. Oct 30 Purchased 15,000 shares of Pasaway Co. for P 832,500, classified as held for trading The fair values of the shares and bonds on December 31, 2019, are as follows: Yeye Bonel Corp. shares P 76.60 per share Totoy Bibo Inc. shares P 68.50 per share Pasaway Co. shares P 55.25 per share Mayniladlad water bonds P205,550 Bulaklak Inc. shares P 61.00 per share Jumbo Unlimited Inc. shares P 27.00 per share Based on the above and the result of your audit, determine the following: 16 Gain or loss on sale of 4,000 Totoy Bibo Inc. shares on April 15, 2019 A P1,000 gain B P1,000 loss C P11,875 gain D P11,875 loss 17 Net realized gain or loss on sale of 4,000 Bulaklak Inc. shares on May 4, 2019 A P12,000 gain B P4,000 gain C P12,000 loss D P4,000 loss 18 Carrying amount of Trading Securities as of December 31, 2019 A P2,377,000 B P2,287,800 C P2,304,100 D P2,297,400 19 Carrying amount of Available for Sale Securities as of December 31, 2019 A P844,000 B P806,000 C P906,000 D P944,000 20 In 2019, what amount of unrealized gain or loss should be shown as component of income and equity? INCOME EQUITY O