Transcribed Image Text: Use the following information for the next two questions. PINA CO. carries the following marketable equity securities on its books at December 31, 2012 and 2013. All

Transcribed Image Text: Use the following information for the next two questions.
PINA CO. carries the following marketable equity securities on its books at December 31, 2012 and 2013.
All securities were purchased during 2012 and there were no beginning balances in any market adjustment
accounts.
Financial Assets through Profit or Loss:
Fair value
12/31/12 12/31/13
Cost
C Company P 500,000 P 260,000
P
400,000
E Company
260,000
400,000
400,000
R Company
700,000
600,000
500,000
Total
P1,460,000 P1,260,000 P1.300,00
Financial Assets through OCI:
Cost
Fair value
12/31/12 12/31/13
T Company P4,200,000 P3,600,000 P3,600,00
S Company 1.000,000 1,200,000 1,400,000
Total
P5,200,000 P4,800,000 P5.000,.00
12. The net amount to be recognized in the 2013 profit or loss is
13. The net amount to be recognized in 2013 as other comprehensive income is

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Click Here to Make an Order Click Here to Hire a Writer