Chapter 1 Problem 10-12
1. Investment in equity securities 3,200,000
Cash 3,200,000
2. Memo – Received 20,000 shares as stock dividend on
80,000 original shares. Shares now held, 100,000.
3. Cash (100,000 x 5) 500,000
Dividend income 500,000
4. Stock rights (5/40 x 3,200,000) 400,000
Investment in equity securities 400,000
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5. Cash (40,000 x 5) 200,000
Stock rights (40,000/100,000 x 400,000) 160,000
Gain on sale of rights 40,000
6. Investment in equity securities 600,000
Stock rights (60,000/100,000 x 400,000) 240,000
Cash (60,000/5 = 12,000 x 30) 360,000
7. Cash (80,000 x 35) 2,800,000
Investment in equity securities 2,240,000
(80,000/100,000 x 2,800,000)
Gain on sale of investment 560,000
Shares Cost
Original acquisition 20,000 560,000
New acquisition 12,000 600,000
32,000 1,160,000
wala na po ba kayong newer post nito??? sana po magpost kayo kasi kailangan talaga namin.
ReplyDeleteMAraming salamat po sa inyong tulong, God Bless u
ReplyDeleteabangan nyo po mag post pa po ako this month
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