How much is the investment income recognized by a

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Question - A Owns 500 ordinary shares of B Company which has several hundred thousand shares publicly traded. These 500 shares were purchased by A in early part of 2019 for 200 per share. On August 20, 2019, B distributed 500 rights to A. A was entitled to buy one new share of B ordinary shares at P 180 and two share rights. On September 1, 2019, when the market value of the share was P 203, A exercise Dall the rights and received 250 ordinary shares. How much is the investment income recognized by A upon exercise of the rights?

Reference no: EM133049003

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