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Question - On January 1, 2021, XYZ Company purchased 200,000 shares at P80 per share to be classified as nontrading investments through other comprehensive income.
On March 16, 2021, the company received an equivalaent number of share rights to purchase 40,000 shares at P100 per share. The market prices are as follows: share of stock - P114: share rights - P6. The share rights had an expiration date of September 30, 2021.
Answer the following questions, as of March 16, 2021:
1. What amount to be reported as investment in share rights?
2. What total cost of the new investment if all the rights are exercised?
Determine the missing data indicated for (1) and(2). Using the income statement data for 2007, determine the amount of net income or loss.
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alameda service center just purchased an automobile hoist for 14000. the hoist has a 6 year lifeand an estimated
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Firm O has accounts receivable of $31,000, cash of $14,600, property, plant, and equipment of $320,000, merchandise inventory of $43,200, accounts payable of $22,100, other accrued liabilities of $7,500, common stock of $250,000, and retained earning..
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