Question: answer the following and show the solution how to On January 1, 2020, ABC Company purchased equity securities for P10,000,000. The entity paid the broker

answer the following and show the solution how to

On January 1, 2020, ABC Company purchased equity securities for P10,000,000. The entity paid the broker P10,000 for his commission. Provided below are the fair value of the equity securities: December 31, 2020 - P9,500,000 December 31, 2021 - P9,800,000 December 31, 2022 - P10, 100,000 December 31, 2023 - P10,500,000 - Selling price Requirement: Compute for the unrealized/realized gain or loss. December 31, 2020 December 31, 2021 December 31, 2022 December 31, 2023 Statement of Financial Position Investments - FVPL Statement of Income Unrealized gain Unrealized loss Realized gain Realized loss Statement of Changes in Equity Retained earnings

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