The carrying value of the investment in Light Company shares as of December 31, 2023,...
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Accounting
The carrying value of the investment in Light Company shares as of December 31, 2023, can be calculated by taking the initial cost and adjusting it for any changes in fair value and any income or loss recognized. The initial cost of the investment was P3,600,000. Since the fair value of the shares on December 31, 2023, is P3,800,000, there is an unrealized gain of P200,000. Therefore, the carrying value of the investment as of December 31, 2023, is the initial cost (P3,600,000) plus the unrealized gain (P200,000), which equals P3,800,000
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