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On January 1, 2019, Familia purchased 1,600 ordinary shares of another entity for P2,000,000. During 2019, the investee paid a cash dividend of P130 per
- On January 1, 2019, Familia purchased 1,600 ordinary shares of another entity for P2,000,000.
- During 2019, the investee paid a cash dividend of P130 per share.
- At December 31, 2019, the investees shares were selling for P1,400 per share.
- Familia irrevocably designated to classify equity investment at FVOCI.
- On October 1, 2020, Familia sold half of its shares at P1,800 per share.
- At December 31, 2020, the shares were selling at P1,900 per share.
What amount is recognized in retained in retained earnings as a result of the disposal in 2020? __ The unrealized gain recognized in the statement of comprehensive income for the year end December 31 2020 is ____
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Money Tracker Track Your Expenses And Grow Financially
Authors: Ester Penterman
1st Edition
B0CKVH74FZ
