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5. During 2013, Cecille Company purchased shares of another entity as follows: January 1 July 1 20,000 shares at P100 30,000 shares at P120 The

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5. During 2013, Cecille Company purchased shares of another entity as follows: January 1 July 1 20,000 shares at P100 30,000 shares at P120 The transactions for 2014 are as follows: January 1 August 1 Received 20% stock dividend. 2,000,000 3,600,000 Received cash dividend of P10 per share. December 1 Sold 30,000 shares at P150 per share. What total amount of income from the investment should be reported for 2014? a. 1,900,000 b. 1,700,000 c. 2,500,000 d. 2,300,000

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