ARIE Owns 500 ordinary shares of BARD Company which has several hundred thousand shares publicly traded. These 500 shares were purchased by ARIE in early part of 2019 for 200 per share. On August 20,2019, BARON distributed 500 rights to ARIE. ARIE was entitled to buy one new share of BARON ordinary shares at P180 and two sharerights. On September 1, 2019, when the market value of the share was P203, ARIE exercise Dall the rights and received 250 ordinary shares. How much is the investment income recognized by ARIE upon exercise of the rights?
ARIE Owns 500 ordinary shares of BARD Company which has several hundred thousand shares publicly traded. These 500 shares were purchased by ARIE in early part of 2019 for 200 per share. On August 20,2019, BARON distributed 500 rights to ARIE. ARIE was entitled to buy one new share of BARON ordinary shares at P180 and two sharerights. On September 1, 2019, when the market value of the share was P203, ARIE exercise Dall the rights and received 250 ordinary shares. How much is the investment income recognized by ARIE upon exercise of the rights?
Chapter12: Alternative Minimum Tax
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ARIE Owns 500 ordinary shares of BARD Company which has several hundred thousand shares publicly traded. These 500 shares were purchased by ARIE in early part of 2019 for 200 per share. On August 20,2019, BARON distributed 500 rights to ARIE. ARIE was entitled to buy one new share of BARON ordinary shares at P180 and two sharerights. On September 1, 2019, when the market value of the share was P203, ARIE exercise Dall the rights and received 250 ordinary shares.
How much is the investment income recognized by ARIE upon exercise of the rights?
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