Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

El 2 de enero de 2022, Hulk Company compr 2500 acciones ordinarias de Hogan Corporation a P210 por accin ms costos de transaccin de P5250.

El 2 de enero de 2022, Hulk Company compr 2500 acciones ordinarias de Hogan Corporation a P210 por accin ms costos de transaccin de P5250. Estas acciones se adquieren con fines comerciales. El 31 de diciembre de 2022, las acciones ordinarias de Hogan Corporation se cotizan a P244 por accin.

El 14 de febrero de 2023, Hulk Company vendi 750 acciones ordinarias de Hogan Corporation a P252 por accin. Hulk Company incurri en costos de transaccin por un monto de P2,840 en relacin con la venta. El 31 de diciembre de 2023, las acciones ordinarias de Hogan Corporation se cotizan a P274 por accin.

A qu monto reconocer inicialmente Hulk Company su inversin en acciones ordinarias de Hogan Corporation el 1 de enero de 2022?

a. $519,750

b. 610,000 pesos

C. 525,000 pesos

d. $530,250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Assurance Risk And Governance

Authors: Michael Büchling

1st Edition

1485131618, 9781485131618

More Books

Students also viewed these Accounting questions

Question

Recognize and describe the steps in the recruiting process

Answered: 1 week ago

Question

Appreciate the contribution made by a positions incumbent

Answered: 1 week ago

Question

Know how to conduct a position analysis

Answered: 1 week ago