INVESTMENT vs SHE

ABC Corp. acquires 1,000 ordinary shares of XYZ Corp. on January 1,

2021 at P120 per share of which the par value per share Is P100. On
December 31, 2021, the market value per share is P150
ABC Corp. (Investor) XYZ Corp. (Investee)
 INVESTMENT vs SHE
ABC Corp. acquires 1,000 ordinary shares of XYZ Corp. on January 1,
2021 at P120 per share of which the par value per share Is P100. On
December 31, 2021, the market value per share is P150
ABC Corp. (Investor) XYZ Corp. (Investee)
Statement of Statement of Financial Statement of Statement of Financial
Comprehensive Income Position Comprehensive Income Position
 SHE
ILLUSTRATIVE EXAMPLE:
ABC Corp. acquires 1,000 ordinary shares of XYZ Corp. on January 1,
2021 at P120 per share of which the par value per share Is P100. On
December 31, 2021, the market value per share is P150. Furthermore,
the market value per share on December 31, 2022 is P200
Required:
1) Other Comprehensive Income of ABC Corporation to be recognized
on the Statement of Comprehensive Income for the period Ending
December 31, 2022
2) Other Comprehensive Income of XYZ Corp. to be recognized on the
Statement of Financial Position as of December 31, 2022 particularly
on the SHE section
SHE
SHE