Splendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investments are Cost Market December 31, 2000 Trading securities 2.000.000...


Splendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investments<br>are<br>Cost<br>Market<br>December 31, 2000<br>Trading securities<br>2.000.000<br>2.500.000<br>Securities not held for trading<br>3.000.000<br>2.500,000<br>December 31, 2021<br>Trading securities<br>2.000.000<br>2.200,000<br>Securities not held for trading<br>3,000.000<br>2.300,000<br>The securities not held for trading are measured at fair value through other comprehensive income by irevocable election.<br>Requirement Complete the table below. Wrte zero (0) it is not applicable.<br>December 31, 2019<br>December 31, 2020<br>December 31. 2021<br>Statement of Financial Position<br>Investments - FVPL<br>Investments - FVOCI<br>Statement of Changes in Equity<br>Cther Comprehensive Income<br>Retained earnings<br>Statement of Comprehensive Income<br>Net income - Unrealized gainloss)<br>Net income Realized gainloss)<br>Cther Comprehensive income-<br>Unrealized gainloss)<br>

Extracted text: Splendid Company purchased equity securities during 2020 to be held as investments. The cost and market value of the investments are Cost Market December 31, 2000 Trading securities 2.000.000 2.500.000 Securities not held for trading 3.000.000 2.500,000 December 31, 2021 Trading securities 2.000.000 2.200,000 Securities not held for trading 3,000.000 2.300,000 The securities not held for trading are measured at fair value through other comprehensive income by irevocable election. Requirement Complete the table below. Wrte zero (0) it is not applicable. December 31, 2019 December 31, 2020 December 31. 2021 Statement of Financial Position Investments - FVPL Investments - FVOCI Statement of Changes in Equity Cther Comprehensive Income Retained earnings Statement of Comprehensive Income Net income - Unrealized gainloss) Net income Realized gainloss) Cther Comprehensive income- Unrealized gainloss)

Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Submit New Assignment

Copy and Paste Your Assignment Here