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dont copy from any where please attempet if you sure VIOLETS Company purchased 5,000 shares of POPPY Company par 100 at P120 in March 2020
dont copy from any where please attempet if you sure
VIOLETS Company purchased 5,000 shares of POPPY Company par 100 at P120 in March 2020 VIOLETS received a share dividend of 1 share for every 5 owned on August 30, 2020. On September 15, 2020, the firm received a cash dividend of 10 per share. On October 1, 2020, VIOLETS was granted the right to purchase 1 share at P105 for every 4 rights held. The share had a market value of P115 and the right had a value of P5 on the date the rights were received. On December 15, 2020, the company sold 2,000 rights at P7.50 and exercised the remaining rights. What is the average unit cost of the total investment as of December 31, 2020Step by Step Solution
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