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Flower Company has the following portfolio of equity securities during 2023: Equity Initial shares Additional shares Feb. dividends July Dividends Sept. dividends FV 12/31/23 Security
Flower Company has the following portfolio of equity securities during 2023: Equity Initial shares Additional shares Feb. dividends July Dividends Sept. dividends FV 12/31/23 Security Love 40,000 10,000 P2.50 P1.50 P3.00 P30.00 Security Kaba 50,000 15,000 3.00 2.00 2.00 27.00 Security Love - Designated at FVTPL, additional shares were purchased on April 1, 2023. Security Kaba - Designated at FVTOCI, additional shares were purchased on August, 30, 2023. 37. How much should Flower Company report as total investment income in 2023? a. P485,000 b. P565,000 c. P675,000 d. P705,000 38. How much should Flower Company report the investments in its statement of financial position as of December 31, 2023? a. P3,000,000 b. P3,095,000 c. P3,125,000 d. P3,255,00
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