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68 A Owns 500 ordinary shares of B Company which has several hundred thousand shares publicly traded. These 500 shares were purchased by A in

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68 A Owns 500 ordinary shares of B Company which has several hundred thousand shares publicly traded. These 500 shares were purchased by A in early part of 2019 for 200 per share. On August 20,2019, B distributed 500 rights to A. A was entitled to buy one new share of B ordinary shares at P 180 and two sharerights. On September 1,2019, when the market value of the share was P 203, A exercise Dall the rights and received 250 ordinary shares. How much is the investment income recognized by A upon exercise of the rights? (1 Point) O P 5,750 O P11,500 O PO O P 75051 How much is the cash to be shown on the December 31,2019statement of financial position? * (1 Point) The cash account of JKL Company cornish of the following on December 31,2019: Cash In bank P 134,500 Petty cash fund (lost replenished 11/30/2019] 15,000 Purchasing fund (last replenished 11/30/2019] 35.000 Bolonce per general ledger P 184,500 It was discereured that 1. Jonuary 7, 2020 replenishment of petty cash fund ampureed to P 10,090. The composition of which in a fellow in supporting documents Nature Amount 2019 Gundine P 4 500 2019 400 2019 Trunipartation 1,000 2020 4 000 The January 4,2020 replenishment of the purchasing fund amounting to P 29,000 includes 3019 purchases of indirect material, P 20,000, to be used in the production process of the company In the your 2010. The following are the bank recondling Items that you noted A bork credit momo ropromoting collection by bonk from one of JKL's ontomors, P 58,000, 2019 inved checks cleared by back in January 2020. P 52.000. O P 216,500 P 207,500 O P 170,500 O P 222,500

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