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How much should juan record as gain on sale

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Question - 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, how much should Juan record as gain on sale of shares of stock?

Reference no: EM132944484

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