Fill in the blanks: Assioente During 2020, Sorbetes Company bought shares of another entity to be held for trading: Teachers 06.01.2020 Bought 10,000 shares @ P50 P450,000.00 12.01.2020 Bought 30,000 shares @P60 1,800,000.00 Students Transactions for 2021 01.10.2021 - Received Cash Dividends at P10 per share My Classes 01.20.2021 - Received a 20% share dividend 12.10.2021- Sold 15,000 shares at P62.50 per share Compute Intermediate Accounting 1C a Dividend Income for 2021 BSA 1C Living gain on sale of investment using FIFO in the IT Era Second Sem SY 2020-2021 gain on sale of investment using average (round average cost at 2 decimals) CONCEPTUAL carrying amount of investment at 12.31.2021 (FIFO) FRAMEWORK AND ACCOUNTING carrying amount of investment at 12.31.2021 (average) STANDARDS _BSA 1C
Fill in the blanks: Assioente During 2020, Sorbetes Company bought shares of another entity to be held for trading: Teachers 06.01.2020 Bought 10,000 shares @ P50 P450,000.00 12.01.2020 Bought 30,000 shares @P60 1,800,000.00 Students Transactions for 2021 01.10.2021 - Received Cash Dividends at P10 per share My Classes 01.20.2021 - Received a 20% share dividend 12.10.2021- Sold 15,000 shares at P62.50 per share Compute Intermediate Accounting 1C a Dividend Income for 2021 BSA 1C Living gain on sale of investment using FIFO in the IT Era Second Sem SY 2020-2021 gain on sale of investment using average (round average cost at 2 decimals) CONCEPTUAL carrying amount of investment at 12.31.2021 (FIFO) FRAMEWORK AND ACCOUNTING carrying amount of investment at 12.31.2021 (average) STANDARDS _BSA 1C
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Fill in the blanks:
Assioen
During 2020, Sorbetes Company bought shares of another entity to be held for trading
Teachers
06.01.2020 Bought 10,000 shares @ P50
P450,000.00
12.01.2020 Bought 30,000 shares @P60
1,800,000.00
Students
Transactions for 2021
01.10.2021 - Received Cash Dividends at P10 per share
My Classes
01.20.2021 - Received a 20% share dividend
12.10.2021- Sold 15,000 shares at P62.50 per share
Compute
Intermediate
Accounting 1C
a
Dividend Income for 2021
BSA 1C Living
in the IT Era
Second Sem SY
2020-2021
gain on sale of investment using FIFO
gain on sale of investment using average (round average cost at 2 decimals)
CONCEPTUAL
carrying amount of investment at 12.31.2021 (FIFO)
FRAMEWORK
AND
ACCOUNTING
STANDARDS
e
carrying amount of investment at 12.31.2021 (average)
_BSA 1C
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