What is the gain or loss on the transaction

Reference no: EM132958502

Question: A Company holds 30,000 ordinary shares of ABC Inc. as trading securities. On December 31, 2020, ABC declared P10 cash dividend for shareholders of record on March 1, 2021 to be paid on March 31, 2021. On February 15, A company sold 20,000 shares for P1,950,000 including the dividend. The trading securities has a carrying amount of P2,700,000 at the date of sale. What is the gain or loss on the transaction?

Reference no: EM132958502

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