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Pompey Inc. carries the following marketable equity securities on its books at December 31, 2019 and 2020. All securities were purchased during 2019. Trading Securities:
Pompey Inc. carries the following marketable equity securities on its books at December 31, 2019 and 2020. All securities were purchased during 2019. Trading Securities:
Cost | Fair Value | ||
12/31/19 | 12/31/20 | ||
P Company | 500,000 | 260,000 | 400,000 |
R Company | 260,000 | 400,000 | 400,000 |
T Company | 700,000 | 600,000 | 500,000 |
Total | 1,460,000 | 1,260,000 | 1,300,000 |
Financial asset @ FVOCI:
Cost | Fair Value | ||
12/31/19 | 12/31/20 | ||
C Company | 4,100,000 | 3,600,000 | 3,600,000 |
I Company | 1,000,000 | 1,200,000 | 1,400,000 |
Total | 5,100,000 | 4,800,000 | 5,000,000 |
The net amount to be recognized in 2020 comprehensive income is
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