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15. Indigo Room Co. received 20,000 stock rights to subscribe for new shares at P45 per share for every 5 rights held. At what amount
15. Indigo Room Co. received 20,000 stock rights to subscribe for new shares at P45 per share for every 5 rights held. At what amount are the stock rights received recognized under each of the following scenarios? The investee's shares are quoted at P75 per share prior to the issuance of the stock rights. The investee's shares are quoted at P65 per share after the issuance of the stock rights. The related investment from which the stock rights are received is measured at cost; the par value per share is P1. a. 0 0 0 b. 80,000 c. 100,000 d. 100,000 100,000 80,000 80,000 0 20,000 0
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