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Honesty Company provided the following chronological transactions: a.) Acquired 10,000 ordinary shares of A Company at P50 per share. On this date, the shares are

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Honesty Company provided the following chronological transactions: a.) Acquired 10,000 ordinary shares of A Company at P50 per share. On this date, the shares are selling dividends-on. b.) Received cash dividend of P5 per share from A Company c.) Received 20% share dividend d.) Sold 5,000 shares at P60 per share. What is the gain on sale of investment using the average approach

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