Alexis Company bought the shares of Gabriel Company classified as equity Investments at fair value through other comprehensive income, as follows: April 17,2019 1,000 shares at P84 July 16, 2019 2,000 shares at P90 Market value per share of Gabriel Company shares at December 31, 2019 was P92. The following were the transactions for 2020: January 10 Received cash dividend at P4 per share June 20 Received 5% bonus issue December 10 Sold 1,200 shares at P105 per share 1. How much is the total dividend revenue for the year 2020? a. P0 b. P12,000 c. P13,800 d. P25,800 2. How much is the gain on the sale of the shares on December 10? a. P15,600 b. P18,000 c. P20,857 d. P25,200
Alexis Company bought the shares of Gabriel Company classified as equity Investments at fair value through other comprehensive income, as follows: April 17,2019 1,000 shares at P84 July 16, 2019 2,000 shares at P90 Market value per share of Gabriel Company shares at December 31, 2019 was P92. The following were the transactions for 2020: January 10 Received cash dividend at P4 per share June 20 Received 5% bonus issue December 10 Sold 1,200 shares at P105 per share 1. How much is the total dividend revenue for the year 2020? a. P0 b. P12,000 c. P13,800 d. P25,800 2. How much is the gain on the sale of the shares on December 10? a. P15,600 b. P18,000 c. P20,857 d. P25,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Alexis Company bought the shares of Gabriel Company classified as equity Investments at fair value through other comprehensive income, as follows:
April 17,2019 1,000 shares at P84
July 16, 2019 2,000 shares at P90
Market value per share of Gabriel Company shares at December 31, 2019 was P92. The following were the transactions for 2020:
January 10 Received cash dividend at P4 per share
June 20 Received 5% bonus issue
December 10 Sold 1,200 shares at P105 per share
1. How much is the total dividend revenue for the year 2020?
April 17,2019 1,000 shares at P84
July 16, 2019 2,000 shares at P90
Market value per share of Gabriel Company shares at December 31, 2019 was P92. The following were the transactions for 2020:
January 10 Received cash dividend at P4 per share
June 20 Received 5% bonus issue
December 10 Sold 1,200 shares at P105 per share
1. How much is the total dividend revenue for the year 2020?
a. P0
b. P12,000
c. P13,800
d. P25,800
2. How much is the gain on the sale of the shares on December 10?
a. P15,600
b. P18,000
c. P20,857
d. P25,200
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