On July 1, 2020, ABC Corporation invested in the stocks of XYZ foreign corporation, by acquiring 10,000 shares at P12/share. On December 20, 2020, XYZ declared a 20% stock dividend payable on January 15, 2021. On January 2, 2021, ABC Corporation sold 10,000 shares for P13/share. Compute the net capital gain to be included in regular income. " O 30,000 O 15,000 10,000 Zero

On July 1, 2020, ABC Corporation invested in the stocks of XYZ foreign corporation, by acquiring 10,000 shares at P12/share. On December 20, 2020, XYZ declared a 20% stock dividend payable on January 15, 2021. On January 2, 2021, ABC Corporation sold 10,000 shares for P13/share. Compute the net capital gain to be included in regular income. " O 30,000 O 15,000 10,000 Zero

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Question

O Zero
On July 1, 2020, ABC Corporation invested in the stocks of XYZ foreign
corporation, by acquiring 10,000 shares at P12/share. On December 20,
2020, XYZ declared a 20% stock dividend payable on January 15, 2021. On
January 2, 2021, ABC Corporation sold 10,000 shares for P13/share.
Compute the net capital gain to be included in regular income.
O30,000
O 15,000
O 10,000
O Zero

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