Solution-What amount should be reported as gain on sale of

What amount should be reported as gain on sale of trading

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Question 1: Baur Company acquired 20,000 ordinary shares on October 1 for P1,344,000 to be held for trading. On November 30, the investee distributed a 12% ordinary share dividend when the market price of the share was P65. On December 31, the entity sold 5,000 shares for P350,000. What amount should be reported as gain on sale of trading securities in the current year?

Reference no: EM132821564

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What amount should be reported as gain on sale of trading : On December 31, the entity sold 5,000 shares for P350,000. What amount should be reported as gain on sale of trading securities in the current year?

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What amount should be reported as gain on sale of trading

Reference no: EM132821564

Reference no: EM132821564

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