X. Wayne company bought 1,000 shares of Falcone company at $10 per share during 2016 andclassified the equity investment as the financial asset measured at fair value through other comprehensiveincome. The fair value of the equity investment on Dec. 31, 2017 is $15 per share. Wayne company sellthe equity investment all during 2018 at $18 per share. Similarly, Wayne company bought $10,000 bondsof Nana company at face value during 2016 and classified the debt investment as the financial assetmeasured at fair value through other comprehensive income. The fair value of the debt investment on Dec.31, 2017 is $15,000. Wayne company sell the debt investment all during 2018 at $18,000. INSTRUCTIONS: Ignore dividends revenue, interest revenue, credit loss and tax.
【題組】1. For the above equity investment, compute the related gain or loss that should be recognized in the netincome for 2017 and 2018.