. On October 1, 2020, VIOLETS was granted the right to purchase 1 share at ₱105 for every 4 rights held. The share had a market value of ₱115 and the right had a value of ₱5 on the date the rights were received. On December 15, 2020, the company sold 2,000 rights at ₱7.50 and exercised the remaining rights. What is the average unit cost of the total investment as of December 31, 2020?

Q: Shangrila designated the Crossing shares as At Fair Value Shangrila bought shares of Crossing, Inc.…

A: Number of bonus shares issued = 5000 shares x 20% = 1000 shares

Q: 5. On June 1, 2020, Ping Corp. purchased 10,000 of Pong’s 50,000 outstanding shares at a price of…

A: solution given Date of purchase of share June 1 2020 Number of total share of pong 50000…

Q: On June 15, 2021, LABAN Company owns 20,000 shares with a cost of P1,000,000 of GANGDULO Company’s…

A: On 15.06.2021, LABAN company owns shares of GANGDULO company = 20000 shares Cost of purchase =…

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A: SOLUTION- DIVIDEND INCOME- IT IS DEFINED AS THE DISTRIBUTION OF ENTITY PROPERTY TO ITS SHAREHOLDERS.…

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A: The acronym "FVPL" stands for Fair Value Through Profit or Loss, these types of securities are not…

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Q: STAR Company purchased 10,000 shares of MOON Corporation ordinary shares at P90 share on January 3,…

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Q: Soprano Co. acquired 50,000 ordinary shares of Alto Co. on September 30, 2019 for P8,250,000. On…

A: Stockholders’ equity is the measure of assets staying in a business after the sum total of the…

Q: n January 2, 2020, Gamu Company purchased as a long term investment 10,000 ordinary shares of llagan…

A: Solution: Cost of investment = 10000*P70 = P700,000 Sale value of investment = 10000*P100 =…

Q: Shangrila bought shares of Crossing, Inc. in two batches as follows: June 10, 2018            2000…

A: Cash dividend = 5000 shares x P 10 = P50000

Q: 4. MANGO Company acquired 4,000 shares of KIWI Corporation ordinary shares on April 2, 2020 at a…

A: Held for trading investments are those, which are purchased for the purpose of selling in the short…

Q: On January 1, 2021, the Swiss Company purchased 10,000 ordinary shares at P80 per share to be…

A: Right shares are the shares issued after original issue to the existing shareholder to purchase more…

Q: Jackson Inc. purchased 30,000 shares of common stock of the Pixel Corporation $10 per share on…

A: calculation of revenue from investment and investment shown in balance sheet are as follows

Q: Aman Jaya Property Bhd (AJPB) is a medium size property developer company that is listed in the…

A: The financial investment can be recognized at FVTPL and FVOCI. In the case of FVTPL, the fair value…

Q: What is the value of investment in associate shown in the consolidated statement of financial…

A: Bintik has Received = 100,000 x 30% = 30,000 So in Consideration he has given Shares of Bintik =…

Q: On January 1st 2020, the Tesla Company purchased 400 of the 1000 shares of the Spaceship Enterprise…

A: Journal Entry The purpose of preparing the journal entry to enter the required transaction which are…

Q: BOY Co. acquired 50,000 ordinary shares of GIRL Co. on September 30, 2019 for P8,250,000. On October…

A: 1. Details of GIRLS Co. shares held by BOYS Co. before and after the share split. Date Cost of…

Q: bought shares of Crossing, Inc. in two batches as follows: June 10, 2021  - 2,000 shares at P100…

A: Gain on sale of shares on December 10: P47,500 A per IFRS 9 , when the financial instrument is…

Q: On December 31, 2019, Kier Corporation purchased 30,000 shares of Lord Company's shares at P100…

A: When the shareholder of an entity is given an invitation to purchase more or additional shares of…

Q: How much is the unrealized gain (loss) recognized in Bumilis 2022 profit or loss?

A: Unrealized gain or loss is the amount of gain or loss which the company has taken into account by…

Q: a) Prepare journal entries that AJPB will record in their accounting books for the year ended 2017…

A: The first question has been done for you. Please resubmit the question specifying the  question…

Q: On January 2, 2022, MAMBA Inc. purchased 5,000 shares of the 20,000 shares outstanding of BLACK…

A: Acquiring the outstanding common shares of a company gives the ownership rights to the buyer. The…

Q: Henesto Company's investment account has the following transaction during the year: Jan. 10, 2020…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: Required: Calculate the goodwill on consolidation for the ultimate parent using the single stage…

A: Solution:- Calculation of Non-Controlling interest in Zeneca Bhd :- Ordinary share capital = RM…

Q: On January 1, 2019, Lallo Company purchased 15% of Vintar Company's ordinary shares for P20,000,000.…

A: Lallo will report the net income from investment using the cost method.

Q: Princess Corp. purchased 100,000 ordinary shares at P80 per share on January 1, 2020. These shares…

A: The ordinary shares means the shares whose shareholders have the right to participate in the…

Q: On January 1, 2019, Matcha Company purchased 25% of the outstanding ordinary shares of Milk Tea…

A:

Q: On January 1, 2022, Bumili Co, purchased 10,000 shares of Nabill, Inc. for P1,000,000 Commission and…

A: On January 1, 2022, Bumili Co, purchased 10,000 shares of Nabill, Inc. for P1,000,000 Commission and…

Q: On March 1, 2016 Chris Company purchased 10,000 ordinary shares of LV Corp. at P80 per share. On…

A: An employee stock option gives the right to employees to purchase a pre specified number of shares…

Q: Beauty Company purchased 10,000 shares of Taylor company's ordinary shares at P80 per share in 2021.…

A:

Q: VIOLETS Company purchased 5,000 shares of POPPY Company par ₱100 at ₱120 in March 2020 VIOLETS…

A: Cash dividend is a cash declared and distributed by a company to equity shareholders in the form of…

Q: angrila bought shares of Crossing, Inc. in two batches as follows: June 10, 2018            2000…

A: Cash dividend = 5000 shares x P10 per share = P 50000 bonus issue = 5000 x 20% = 1000 shares Total…

Q: On December 31, 2019, Kier Corporation purchased 30,000 shares of Lord Company's shares at P100…

A: Given that the Kier corporation holds 30,000 shares in Lord company.  Kier corporation Rights=…

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A: In the context of the given question, we are required to compute the carrying value of Matiyaga's…

Q: On January 15, 2020 bieber co purchased 30,000 shares of Hand Co. at $35 per share, paying $10,000…

A: A journal entry means the record the all business transaction of the company during the year for…

Q: Koreans Ltd owned 300,000 of Marley Ltd shares. On 31 December 2019, when Koreans' account…

A: The shareholders' equity is reduced by canceling shares and repurchasing shares called buybacks.…

Q: On January 1, 2019, Lallo Company purchased 15% of Vintar Company's ordinary shares for P20,000,000.…

A: Income from investment means dividend received by Lallo company paid by Vintar company.

Q: On January 1, 2021, the Swiss Company purchased 20,000 ordinary shares at P100 per share to be…

A: Right offers are the offers given after original issue to the current investor to buy a greater…

Q: On January 1, 2019, Matcha Company purchased 25% of the outstanding ordinary shares of Milk Tea…

A: Here discuss about the details of the equity investment and its carrying value after added up the…

Q: After all closing entries for 2020 are completed, the effect of the increase in fair value on total…

A: Purchase price =10000*6=60000 Earnings =3000 Share holders equity is same , does not change.

Q: hares of POPPY Company par ₱100 at ₱120 in March 2020 VIOLETS received a share dividend of 1 share…

A: Average unit cost is calculated by the total cost or investment divided by the total number of unit…

Q: On July 15, 2021, Max Co. acquired 25,000 shares of Chicken Co. for P250,000 which includes P1 cash…

A: The realized gain refers to the gain that is converted into cash by the company by selling off the…

Q: Philip Company purchased 250,000 ordinary shares of Smiley Company for P40 per share on April 2,…

A: Given, Total Dividend paid=P600,000Total ordinary shares outstanding=1,000,000 ordinary shares

Q: n January 2, 2020. Tuao Company purchased 10% of Abulug Company's outstanding ordinary shares for…

A: Solution: As Tuao company is having significant influence over Abulug company, therefore equity…

Q: Prepare an extract of AJPB’s Statement of Profit or Loss and Statement of Financial Position at the…

A: As AJPB is a property developer company, we assume the company is not into trading securities. So…

Q: On December 31, 2020, Naengmyeon Company, an entity with no subsidiary. purchased 10,000 ordinary…

A: A share is a financial security which can be purchased for the investment purpose in a company. An…

Q: On March 1, 2022, Dolor Company purchased 5,000 shares of Susan Incorporated paying P12 each share…

A: As per IAS 39, Financial instruments recognition and measurement,  Their is an irrevocable…

Q: On Jan. 1, 2020, Terra Company established a share appreciation rights plan for the executives. The…

A: The share appreciation rights are away the organization provides a bonus to its employees and the…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.