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On January 1, 2020, Dallas Enterprises acquired 1,000 shares of P5 par value ordinary shares, along with 250 shares ofP25 par value preference shares, of
On January 1, 2020, Dallas Enterprises acquired 1,000 shares of P5 par value ordinary shares, along with 250 shares ofP25 par value preference shares, of Ford Company in a single transaction for P52,000.Currently, Ford Company's ordinary shares and preference shares are trading for P35 per share and P84 per share respectively.On January 2, Dallas should allocate the cost of the investment in Ford's ordinary and preferenceSl shares as follows:
Ordinary sharesPreference shares
Select one or more:
32,50019,500
35,00017,000
P35,000 P21,000
23,111 28,889
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