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Juan owns 100.000 shares costing P10 per share, which represents its par value, of ABC corporation who subsequently declared a share dividend of P5 per
Juan owns 100.000 shares costing P10 per share, which represents its par value, of ABC corporation who subsequently declared a share dividend of P5 per share on April 5, 2020, with record date of May 20, 2020. Assuming Juan sold 20,000 for P20 per share on May 10, 2020.
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To calculate the gain on the sale of shares for Juan we need to consider the cost of the shares the ...
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
