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What is the amount of revenue realized from the sale

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Question 1 - On December 31, 2022, Yvonie Co. issued 100,000 shares of P10 par, 10% cumulative preference shares for P4,000,000. One detachable warrant was attached to each preference share issued. Each warrant gives the holder the right to purchase one ordinary share, P1 par value, for P15. The market value of the warrant after the preference shares were issued was P4. The warrants expire on December 31, 2023. The proceeds to be allocated to the preference shares on December 31, 2022 is?

Question 2 - Kate Corp. purchased 1,000 shares of its P5 par ordinary share at P10 and subsequently sold 500 of the shares at P20. What is the amount of revenue realized from the sale?

Reference no: EM133105153

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