On October 1, 2021, Taehyung Company acquired 40,000 ordinary shares for $880,000 at to be held for trading. On November 30, 2021, the investee declared and distributed a 10% ordinary stock dividend when the market price of the share was $250. On December 31, 2021, the entity sold 4,000 shares for $1,000,000. On December 31, 2021, the market value of the shares was $625 per share. How much trading investments must be presented in 2021 statement of financial position?
On October 1, 2021, Taehyung Company acquired 40,000 ordinary shares for $880,000 at to be held for trading. On November 30, 2021, the investee declared and distributed a 10% ordinary stock dividend when the market price of the share was $250. On December 31, 2021, the entity sold 4,000 shares for $1,000,000. On December 31, 2021, the market value of the shares was $625 per share. How much trading investments must be presented in 2021 statement of financial position?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On October 1, 2021, Taehyung Company acquired 40,000 ordinary shares for $880,000 at to be held for trading. On November 30, 2021, the investee declared and distributed a 10% ordinary stock dividend when the market price of the share was $250. On December 31, 2021, the entity sold 4,000 shares for $1,000,000. On December 31, 2021, the market value of the shares was $625 per share.
How much trading investments must be presented in 2021 statement of financial position?
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