Problem 4 PRIA CORP. presented the following breakdown of its investment in Trading securities and Available for sale securities as of December 31,204 : Financial Asset at Fair Value Through Other Comprehensive Income/Loss: Your investigation of the accounts resulted to the following information Additional information: A The company sold 5,000 shares of AAA ordinary shares on February 1, 204 at P60 per share. B FFF ordinary shares which were acquired at P35 per share were sold on March 31, 204 at P30 per share. C The company had an original intention of reporting gains/losses on investment in CCC preference shares through other comprehensive income. However, due to the continuing decrease in the value of the investment, the company decided to reclassify the same as financial asset at fair value through profit/losses during the current year 204. In addition, while none of the decreases in the value of the investment in CCC preference shares in 202 and 203 were ascertained to be other than temporary, the decrease in 20x4 was considered permanent. D The company sold 10,000 of its investment in EEE ordinary shares on October 1, 20x4 at P45 per share. Required 1. What is the realized gain on partial sale of AAA shares? 2. What is the realized loss on sale of FFF ordinary shares to be recognized in the profit or loss, under PAS 39 ? 3. What is the realized loss on sale of FFF ordinary shares to be recognized in the profit or loss, under PFRS 9 ? 4. How much is the Impairment loss to be recognized in the income statement in 20x4, under PAS 39 ? 5. How much is the impairment loss to be recognized in the income statement in 20x4, under PFRS 9 ? 6. What is the correct realized loss on partial sale of EEE ordinary shares under PAS 39 ? 7. What is the correct realized loss on partial sale of EEE ordinary shares under PFRS 9 ? 8. How much is the unrealized holding loss to be reported in the income statement? 9. How much is the unrealized holding gain or (loss) to be reported in the statement of financial position, under PAS 39 ? 10. How much is the unrealized holding gain or (loss) to be reported in the statement of financial position, under PFRS 9 ? 11. How much is the correct financial asset at fair value through profitloss to be reported as of December 31,204 ? 12. How much is the correct financial asset at fair value through other comprehensive income/loss to be reported as of December 31,204 ? Problem 4 PRIA CORP. presented the following breakdown of its investment in Trading securities and Available for sale securities as of December 31,204 : Financial Asset at Fair Value Through Other Comprehensive Income/Loss: Your investigation of the accounts resulted to the following information Additional information: A The company sold 5,000 shares of AAA ordinary shares on February 1, 204 at P60 per share. B FFF ordinary shares which were acquired at P35 per share were sold on March 31, 204 at P30 per share. C The company had an original intention of reporting gains/losses on investment in CCC preference shares through other comprehensive income. However, due to the continuing decrease in the value of the investment, the company decided to reclassify the same as financial asset at fair value through profit/losses during the current year 204. In addition, while none of the decreases in the value of the investment in CCC preference shares in 202 and 203 were ascertained to be other than temporary, the decrease in 20x4 was considered permanent. D The company sold 10,000 of its investment in EEE ordinary shares on October 1, 20x4 at P45 per share. Required 1. What is the realized gain on partial sale of AAA shares? 2. What is the realized loss on sale of FFF ordinary shares to be recognized in the profit or loss, under PAS 39 ? 3. What is the realized loss on sale of FFF ordinary shares to be recognized in the profit or loss, under PFRS 9 ? 4. How much is the Impairment loss to be recognized in the income statement in 20x4, under PAS 39 ? 5. How much is the impairment loss to be recognized in the income statement in 20x4, under PFRS 9 ? 6. What is the correct realized loss on partial sale of EEE ordinary shares under PAS 39 ? 7. What is the correct realized loss on partial sale of EEE ordinary shares under PFRS 9 ? 8. How much is the unrealized holding loss to be reported in the income statement? 9. How much is the unrealized holding gain or (loss) to be reported in the statement of financial position, under PAS 39 ? 10. How much is the unrealized holding gain or (loss) to be reported in the statement of financial position, under PFRS 9 ? 11. How much is the correct financial asset at fair value through profitloss to be reported as of December 31,204 ? 12. How much is the correct financial asset at fair value through other comprehensive income/loss to be reported as of December 31,204