answer properly Transcribed Image Text: On January 1, 2020, DEF Company purchased equity securities for P18,000,000. The entity paid the broker P20,000 for his commission. Provided below are the fair

answer properly Transcribed Image Text: On January 1, 2020, DEF Company purchased equity securities for P18,000,000. The entity paid the broker P20,000 for his commission. Provided below are the fair value of the equity securities:
December 31, 2020 – P10,000,000
December 31, 2021 – P12,500,000
December 31, 2022 – P15,100,000
December 31, 2023 – P20,500,000 – Selling price
Requirement: The company uses the Fair Value through Other Comprehensive Income in valuing the investments. Complete the table below:
Jan 1, 2020
Dec 31, 2020
Dec 31, 2021
Dec 31, 2022
Dec 31, 2023
Statement of Financial Position
Investments – FVOCI
Statement of Changes in Equity
Other Comprehensive Income
Retained earnings
Statement of Comprehensive Income (Other Comprehensive Income)
Unrealized gain/(loss)
HA

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