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Problem 4: On January 1, 2017, an entity purchases marketable equity securities for P2,000,000. The securities do not qualify as financial asset held for trading.

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Problem 4: On January 1, 2017, an entity purchases marketable equity securities for P2,000,000. The securities do not qualify as financial asset held for trading. The entity elected to present changes in fair value in other comprehensive income. On December 21, 2017, the securities have market value of P1,800,000. The changes in market value shall be recorded as

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