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Q4. On its Dec 31, 2018, statement of financial position, Trevino Co. reported its investment in non- trading securities at a fair value of
Q4. On its Dec 31, 2018, statement of financial position, Trevino Co. reported its investment in non- trading securities at a fair value of 550,000. The investments had cost 600,000. As at Dec 31, 2019, the fair value of the securities had increased to 585,000. What amount should Trevino report on its 2019 income statement arising from the increase in the fair value its securities (1 mark). Show calculations to get credit Trevino should report on its 2019 income statement
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