On January 11, 2021, BERRY Company declared and distributed its trading securities as dividend. At the time of declaration, the investment has a carrying value of ₱500,000 and a related unrealized loss of ₱100,000. By what amount should BERRY Company charge its Retained Earnings as a result of the dividend declaration? Choices: ₱ 400,000 ₱ 600,000 ₱ 500,000 ₱ 100,000
On January 11, 2021, BERRY Company declared and distributed its trading securities as dividend. At the time of declaration, the investment has a carrying value of ₱500,000 and a related unrealized loss of ₱100,000. By what amount should BERRY Company charge its Retained Earnings as a result of the dividend declaration? Choices: ₱ 400,000 ₱ 600,000 ₱ 500,000 ₱ 100,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
On January 11, 2021, BERRY Company declared and distributed its
trading securities as dividend. At the time of declaration, the investment
has a carrying value of ₱500,000 and a related unrealized loss of
₱100,000. By what amount should BERRY Company charge its
Earnings
Choices:
₱ 400,000
₱ 600,000
₱ 500,000
₱ 100,000
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