8. During 2020. Lowcan Company bough the shores of Burwood Compony asfolfows:2.000.0003600.005.600.000june !20.000 shares @P10030,000 shares @ P120December 1The transactions for 2021 are:Jonuary 10Received cash dividend at P10 pershare.January 20Received 20% stock dividend.December 10Soid 30000 shcres ot P125 per shore30,000x 1241, The goin on the sale of the shares ossuming the FIFO opprooch isC. 150.000d. 530,00X01.150.0005. 950,0002. Whatis the çain on sale of invesiment using ihe average approach?a. 950.000b. 750,000C. 800.000d. 900,000A What totgiamount shoulb be reporns ncome from ihe investment usingFIFO approach?a. 1.650.000b. 1450,000C. 1.750000d. 500,00010, c00, 000

Given 20000 shares @ p100 2000000 30000 shares @ p120 3600000

During 2020. iowcan Company bough the shores of Burwood Compony as follows: 20.000 shares @P100 30,00X0 shhares @ P120 2.000.000 3.600.000 5.600.000 june ! December i The transactions for 2021 are: Jonuary 10 Received cash dividend at P10 per share. January 20 Received 20% stock dividend. December 10 Sold 30000 shares at P125 per share 30,000x 125 1, The goin on the sale of the shares assuming the FIFO opproach is 3,709 i.150000 950,000 C. 150.000 d. 530,XX) 2. What is the çain on sale of invesiment using the average approach? a. 950.000 b. 750,000 C. 800.000 d. 900,000 A What totaiamount shoud be reponed S income from the investment using FIFO approach? C. 1.750.000 a. 1.650.000 6. 1450,000 d. 500,000 10,000,000

During 2020. iowcan Company bough the shores of Burwood Compony as follows: 20.000 shares @P100 30,00X0 shhares @ P120 2.000.000 3.600.000 5.600.000 june ! December i The transactions for 2021 are: Jonuary 10 Received cash dividend at P10 per share. January 20 Received 20% stock dividend. December 10 Sold 30000 shares at P125 per share 30,000x 125 1, The goin on the sale of the shares assuming the FIFO opproach is 3,709 i.150000 950,000 C. 150.000 d. 530,XX) 2. What is the çain on sale of invesiment using the average approach? a. 950.000 b. 750,000 C. 800.000 d. 900,000 A What totaiamount shoud be reponed S income from the investment using FIFO approach? C. 1.750.000 a. 1.650.000 6. 1450,000 d. 500,000 10,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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