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    Audit of Investments in Financial Instruments

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    Rodmae Verson
    1) The document shows investments in Daisy, Rosal, and Walingwaling shares held by FVPL Investments at the beginning of the year and transactions that occurred throughout the year. 2) It provides the number of shares, amounts, gains/losses from transactions and dividends for each investment. 3) At the end of the year it shows the fair value of each investment and the unrealized gains/losses compared to the beginning balances.

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    Audit of Investments in Financial Instruments

    Uploaded by

    Rodmae Verson
    20 views3 pages
    1) The document shows investments in Daisy, Rosal, and Walingwaling shares held by FVPL Investments at the beginning of the year and transactions that occurred throughout the year. 2) It provides the number of shares, amounts, gains/losses from transactions and dividends for each investment. 3) At the end of the year it shows the fair value of each investment and the unrealized gains/losses compared to the beginning balances.

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    Audit of investments in financial instruments.xlsx

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    1) The document shows investments in Daisy, Rosal, and Walingwaling shares held by FVPL Investments at the beginning of the year and transactions that occurred throughout the year. 2) It provides the number of shares, amounts, gains/losses from transactions and dividends for each investment. 3) At the end of the year it shows the fair value of each investment and the unrealized gains/losses compared to the beginning balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    20 views3 pages

    Audit of Investments in Financial Instruments

    Uploaded by

    Rodmae Verson
    1) The document shows investments in Daisy, Rosal, and Walingwaling shares held by FVPL Investments at the beginning of the year and transactions that occurred throughout the year. 2) It provides the number of shares, amounts, gains/losses from transactions and dividends for each investment. 3) At the end of the year it shows the fair value of each investment and the unrealized gains/losses compared to the beginning balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    PROBLEM 1:

    FVPL Investments
    Daisy Rosal
    No. of shares Amount No. of shares Amount
    Beginning balance 5,000 84,000 2,000 60,000
    April 3 transaction - bonus issue (Dais 1,000 0
    April 29 transaction - cash dividends (Rosal)
    May 15 transaction - sale of shares (D -1,000 -14,000
    June 1 - purchase of Walingwaling
    October 1 - sale of Rosal shares -500 -15,000
    December 1 - dividend (Rosal)
    Balances before FV adjustments 5,000 70,000 1,500 45,000
    Balances using 12/31/2022 FV 110,000 52,500
    Unrealized gain or loss 40,000 7,500
    FVOCI Dividend inco Gain or loss onUnrealized gaiUnrealized gains or losses
    Waling-waling P/L P/L P/L OCI
    Total amount No. of shares Amount
    144,000 0 0
    0
    0 10,000
    -14,000 6,000
    0 2,000 52,500
    -15,000 3,500
    0 4500
    115,000 2,000 52,500 14500 9500 0 0
    162,500 56,000
    47,500 3,500 47,500 3,500
    71500
    realized gains or losses

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