Question
Happiness Inc. carries the following marketable equity securities on its books at December 31, 2018 and 2019. All securities were purchased during 2018 and there
Happiness Inc. carries the following marketable equity securities on its books at December 31, 2018 and 2019. All securities were purchased during 2018 and there were no beginning balances in any market adjustment accounts.
Trading Securities:
| Cost | Fair value | ||
|
|
| 12/31/18 | 12/31/19 |
| C Company | P 500,000 | P 260,000 | P 400,000 |
| P Company | 260,000 | 400,000 | 400,000 |
| A Company | 700,000 | 600,000 | 500,000 |
Financial Assets measured at fair value through OCI:
| Cost | Fair value | ||
| 12/31/18 | 12/31/19 | ||
| U Company | P4,200,000 | P3,600,000 | P3,600,000 |
| S Company | 1,000,000 | 1,200,000 | 1,400,000 |
The net amount of unrealized gain / (loss) to be recognized in the 2019 as other comprehensive income is
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
