The questions are indicated on the picture

(AICPA) 9. On June 27, 20x1, Brite Co. distributed to its ordinary shareholders 100,000 outstanding ordinary shares of its investment in Quik, Inc., an unrelated party. The carrying amount on Brite's books of Quik's Pl par ordinary share was P2 per share. Immediately after the distribution, the market price of Quik's stock was P2.50 per share. In its income statement for the year ended June 30, 20x1, what amount should Brite report as gain relating to the disposal of the stock? a. 250,000 b. 200,000 c. 50,000 d. 0 (AICPA) 10. The following stock dividends were declared and distributed by Sol Corp.: Percentage of ordinary shares outstanding at declaration date Fair value Par value 10 P15,000 P10,000 28 40,000 30,800 What aggregate amount should be debited to retained earnings for these stock dividends? a. 40,800 b. 45,800 c. 50,000 d. 55,000 (AICPA)