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Question - On January 1, 2021, Pampanga Company purchased 50,000 shares of another entity for P3,600,000. On October 1, 2021, Pampanga received 50,000 stock rights from investee. Each right entitles the shareholder to acquire one share for P85. The market price of the investee's share was P100 immediately before the rights were issued and P90 immediately after the rights were issued. On December 1, 2021, Pampanga exercised all stock rights. On December 31, 2021, Pampanga sold 25,000 shares at P90 per share. The stock rights are not accounted for separately.
If the FIFO approach is used, what is the gain on sale of investment that should be recognized in 2021?
a. 700,000
b. 287,500
c. 125,000
d. 450,000
Compute the price of a 5-month European call option. The annual risk-free rate is r=0.01 (compounded discretely) . Assume that length of a period is one month.
On 1 January 2021, Zircon Bhd issued 5% loan notes with a nominal value. Determine the amount of 5% loan note as at 31 December 2021 and 2022.
The fundamental belief on which the Declaration of Independence was founded, grounded in philosophical notions of basic human rights was-Athe right to bear arms-Bthe right to own property
How will thisdecision affect your sale and profit? If you choose to extend credit, how would you ensure that yourfirm is paid by its customer?
Energis Manufacturers produces a product which has the following standard costs: Fixed overheads: R122 000. Calculate the material yield variance
Purchased 625 units of inventory at $6 per unit. Prepare journal entries to record each of the preceding transactions. Assume a perpetual inventory system.
Which anomaly to the efficient market hypothesis documented by BALL and Brown (1968)? post earning-accounting drift. / the accruals anomaly
As of January 1, 1996, immediately after a payment is made, the present value of the remaining payments is $50,000. Find the first quarterly payment.
What is BB Bargoons LTD's correct treatment of NSF cheques? BB Bargoons Ltd has customers who pay their invoice with cheques that are returned by the bank
What will be the credit rating of the debt issue. If B is considered as a risky rating, as a stock investor what would you advice this firm
Received subscription from SINGSON for 20,000 shares at P30 per share, How much was the receivable from the highest bidder
How much more will your parents have to invest each year for the next five years to have the necessary funds for Spender's education?
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