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On its December 31, 2019, balance sheet, an entity appropriately reported a P4,000 credit balance...

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On its December 31, 2019, balance sheet, an entity appropriately reported a P4,000 credit balance in its Market Adjustment-Trading Securities account. There was no change during 2020 in the composition of the entity's portfolio of trading securities. Pertinent data are as follows: Fair Value Security Cost 12/31/20 A P120,000 P126,000 B 90,000 80,000 C 160,000 157,000 P370,000 P363,000 What amount of loss on these securities should be included in the entity's income statement for the year ended December 31, 2020

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