include solutions

A. D. PINK Company purchased 50,000 shares (5% ownership) of WHITE Company on January 2, 2020 at P34 per share. PINK received a stock dividend of 15% on March 31, 2020 when the market price of the share is P40. On November 30, PINK paid P20 per share special assessment on the shares. On December 15, 2020, WHITE paid a cash dividend of P8 per share. On December 31, the prevailing market price of the trading security is at P49 per share. What amount should be reported as dividend income on the December 31, 2020 income statement?" 60,000 B. 150,000 C. 460,000 400,000 How much is the unrealized gain(loss) that should be presented in the statement of comprehensive income? 117,500 gain 32,500 loss C. 750,000 gain 250.000 loss What is the carrying value of the above investment on December 31, 2020? 2,700,000 B. 2,817,500 C. 2,450,000 3,105,000 A. B. D. A. D