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with solution please Question 41 2 pts On its December 31, 2020, statement of financial position, Alpha Co. reported its investment in equity securities at
with solution please
Question 41 2 pts On its December 31, 2020, statement of financial position, Alpha Co. reported its investment in equity securities at fair value through other comprehensive income, which had cost P600,000, at fair value of P550,000. At December 31, 2021, the fair value of the securities was P585,000. What should Alpha report on its 2021 income statement as a result of the increase in fair value of the investments in 2021? O PO. O Realized gain of P35,000. Unrealized loss of P15,000. Unrealized gain of P35,000. Question 42 2 pts Alpha Company bought the securities listed below during 2020. These securities were classified as trading securities. In its December 31, 2020, income statement Alpha reported a net unrealized holding loss of P13,000 on these securities. Pertinent data at the end of December 2021 is as follows: Security Cost Fair Value X P 380,000 P 352.000 Y 180,000 160,000 Z 420,000 414,000 What amount of unrealized holding loss on these securities should Alpha include in its income statement for the year ended December 31, 2021? OP54,000. O P41,000. O P13,000Step by Step Solution
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