Bayview Company bought 1,000 shares of PLDT shares as equity investments on January 10, Year 2 at P150 per share and paid P2,250 as brokerage fee. The investments are intended to be held for long-term price change and were designated as at fair value through other comprehensive income. On December 5, Year 1, a P10 dividend per share of PLDT had been declared to be paid on April 30, Year 2 to shareholders of January 31, Year 2. There were no other transactions in Year 2 affecting the investment in PLDT. At what amount should Bayview record the investment in equity securities at January 10, Year 2? P142,250 P150,000 P152,250 P162,250 а. b. с. d.
Bayview Company bought 1,000 shares of PLDT shares as equity investments on January 10, Year 2 at P150 per share and paid P2,250 as brokerage fee. The investments are intended to be held for long-term price change and were designated as at fair value through other comprehensive income. On December 5, Year 1, a P10 dividend per share of PLDT had been declared to be paid on April 30, Year 2 to shareholders of January 31, Year 2. There were no other transactions in Year 2 affecting the investment in PLDT. At what amount should Bayview record the investment in equity securities at January 10, Year 2? P142,250 P150,000 P152,250 P162,250 а. b. с. d.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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No. 19
Transcribed Image Text:Bayview Company bought 1,000 shares of PLDT
equity investments on January 10, Year 2 at P150 per share and
paid P2,250 as brokerage fee. The investments are intended to
be held for long-term price change and were designated as at fair
value through other comprehensive income.
shares as
On December 5, Year 1, a P10 dividend per share of PLDT had
been declared to be paid on April 30, Year 2 to shareholders of
January 31, Year 2. There were no other transactions in Year 2
affecting the investment in PLDT.
At what amiount should Bayview record the investment in equity
securities at January 10, Year 2?
а.
P142,250
P150,000
P152,250
P162,250
b.
с.
d.
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