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What amount of realized gain or loss grand company recognize

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Question - Grand Company has 60,000 ordinary shares of Brand Corporation as an investment in equity securities through other comprehensive income. These shares were acquired at fair value, which was P80 per share on May 2, 2019 plus transaction costs of 2% of the fair value. On December 31, 2019, the market value of these shares is P90 per share. Grand Company sold 42,000 shares of its investment in Brand Corporation on February 15, 2019 for P85 per share less 2.5% transaction costs on the selling price. What amount of realized gain or loss should Grand Company recognize in selling these shares?

Reference no: EM132576112

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