The net unrealized gain/loss at December 31, 2020 in accumulated other comprehensive income in shareholders'...

80.2K

Verified Solution

Question

Accounting

image
The net unrealized gain/loss at December 31, 2020 in accumulated other comprehensive income in shareholders' equity is
Pompey Inc. carries the following marketable equity securities on its books at December 31, 2019 and 2020. All securities were purchased during 2019. Trading Securities: Cost P Company R Company T Company Total 500.000 260,000 700.000 1.460.000 Fair Value 12/31/19 12/31/20 260.000 400.000 400,000 400,000 600.000 500.000 1.260.000 1.300.000 Financial asset @ FVOCI: Cost C Company Company Total 4.100.000 1.000.000 5.100.000 Fair Value 12/31/19 12/31/20 3.600.000 3.600.000 1.200.000 1.400.000 4.800,000 5,000,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students