January 10 Received cash dividend at P10 per share. 20,000 shares@P100 30,000 shares @P120 2,000,000 3,600,000 cash June December 1 1 pany Transactions for 2022 ,000 bed sidsir god no pany January 20 December 10 Received 20% share dividend. Sold 30,000 shares at P125 per share. any, , What amount should be recognized as gain on sale of investment using the FIFO approach? on a. 1,150,000 950,000 000.00A 000,00 the b. 150,000 d. 550,000 C. batiogatied bluode sduonts ad his aads e o le namaes 2. What amount should be recognized as gain on sale of investment using the average approach?008 00000S a. 950,000 b. 750,000 c. 800,000 d. 900,000 ares 000 oOEda 000 0d des gibst 3. What total amount should be reported as income from ash and rice the investment using the FIFO approach? a. 1,650,000 b. 1,450,000 0811 Jel eE bed sde ad nb 089 o eony isinecr C. 1,750,000 Sresi l0 dab d. 500,000 for bebret rent
January 10 Received cash dividend at P10 per share. 20,000 shares@P100 30,000 shares @P120 2,000,000 3,600,000 cash June December 1 1 pany Transactions for 2022 ,000 bed sidsir god no pany January 20 December 10 Received 20% share dividend. Sold 30,000 shares at P125 per share. any, , What amount should be recognized as gain on sale of investment using the FIFO approach? on a. 1,150,000 950,000 000.00A 000,00 the b. 150,000 d. 550,000 C. batiogatied bluode sduonts ad his aads e o le namaes 2. What amount should be recognized as gain on sale of investment using the average approach?008 00000S a. 950,000 b. 750,000 c. 800,000 d. 900,000 ares 000 oOEda 000 0d des gibst 3. What total amount should be reported as income from ash and rice the investment using the FIFO approach? a. 1,650,000 b. 1,450,000 0811 Jel eE bed sde ad nb 089 o eony isinecr C. 1,750,000 Sresi l0 dab d. 500,000 for bebret rent
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:20,000 shares @P100
30,000 shares @ P120
2,000,000
3,600,000
O cash
June
December 1
1
fuedu
bed sidsir
0,000
Transactions for 2022
apany
January 20
December 10
Received 20% share dividend.
Sold 30,000 shares at P125 per share.
pany,
nd on
, What amount should be recognized as gain on sale of
investment using the FIFO approach? 0 00d
00 0,00A
000,00
a. 1,150,000
950,000
or the
b.
150,000
550,000
C.
en banogatiod bluode scuomis ad W
digis iada en o ls i Inamue
d.
2. What amount should be recognized as gain on sale of
investment using the average approach?008
000.000
a. 950,000
b. 750,000
c. 800,000
d. 900,000
hares
6,000
000.03 bamwo osq ogmeP
3. What total amount should be reported as income from
cash
and
price
the investment using the FIFO approach?
egrineh lo dws bit
a. 1,650,000
.b. 1,450,000
c. 1,750,000
d. 500,000
e for
000,088.8d
000000,8
1000 000 0b
495
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