In relation to August 15 transaction, the necessary adjusting journal entry includes a.A debit to Equity investment-FVTPL
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Question:
In relation to August 15 transaction, the necessary adjusting journal entry includes
a. A debit to Equity investment-FVTPL of P216,000
b. A debit to Loss of P15,300
c. A credit to Gain of P216,000
d. A credit to Equity investment-FVTPL of P15,300
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