The following transactions appear on the Equity investments at fair value through profit or loss account of Chicker Corporation Date Particulars Debit Credit 03/1/x6 Purchased 40,000 shares of PLDT at P 30.75/share and 20,000 shares of Benpress at P 23/share P 1,690,000 07/03/x6 Purchased PAG-IBIG 15% bonds, face value P 4,000,000. Interest dates July 1 and Jan 1. Maturity date July 1, 20x9 4,000,000 11/5/x6 Sold 14,400 shares of PLDT at P 30/share And 4,000 shares of Benpress at P 25/share P532,000 12/31/x6 Sold PAG-IBIG bonds at 98 plus accrued interest 4,220,000 On October 1,20x6 Chicker received 8,000 shares of PLDT as stock dividend Benpress declared a 15% stock dividend to all stockholders of record as of November 15, 20x6 payable on December 1,20x6 1. Based on the data above, how much is the adjusted balance of Chicker’s equity investments at fair value through profit or loss as of December 31, 2016? 2. How much is the average cost per share of PLDT’s stocks as of December 31, 20x6? 3. How much is the average cost per share of Benpres stocks as of December 31, 20x6?
The following transactions appear on the Equity investments at fair value through profit or loss account of Chicker Corporation
Date Particulars Debit Credit
03/1/x6 Purchased 40,000 shares of PLDT at
P 30.75/share and 20,000 shares of Benpress at
P 23/share P 1,690,000
07/03/x6 Purchased PAG-IBIG 15% bonds, face value
P 4,000,000. Interest dates July 1 and Jan 1.
Maturity date July 1, 20x9 4,000,000
11/5/x6 Sold 14,400 shares of PLDT at P 30/share
And 4,000 shares of Benpress at P 25/share P532,000
12/31/x6 Sold PAG-IBIG bonds at 98 plus accrued interest 4,220,000
- On October 1,20x6 Chicker received 8,000 shares of PLDT as stock dividend
- Benpress declared a 15% stock dividend to all stockholders of record as of November 15, 20x6 payable on December 1,20x6
1. Based on the data above, how much is the adjusted balance of Chicker’s equity investments at fair value through profit or loss as of December 31, 2016?
2. How much is the average cost per share of PLDT’s stocks as of December 31, 20x6?
3. How much is the average cost per share of Benpres stocks as of December 31, 20x6?
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