Problem 15-8 (AICPA Adapted) During 2019, Haggard Company purchased marketable equity securities for P1,850,000 to be held as trading investments. In 2019, the entity appropriately reported an unrealized loss of P200,000 in the income statement There was no change during 2019 in the composition of the portfolio of trading securities. Pertinent data on December 31, 2020 are: Market value Security Cost 700,000 400,000 900,000 aM 600,000 450,000 800,000 t,50,000 A B C What amount of unrealized gain on these securities should be included in the 2020 income statement? 350,000 150,000 550,000 d. a C. 0 Problem 15-9 (IFRS) Judicious 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, 2019, the cumulative loss recognized in other comprehensive income was P400,000 and the carrying amount of the investment was P2,600,000. On December 31, 2020, the issuer of the equity instrument was in severe financial difficulty and the fair value of the equity investment had fallen to P1,200,000 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, 2020? 1,400,000 a. 1,800,000 b. 1,000,000 d. 392