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Bayview Company bought 1,000 shares of PLDT shares as equity investments on January 10, Year 2 at P150 per share and paid P2,250 as brokerage fee. The investments are intended to be held for long-term price change and were designated as at fair value through other comprehensive income. On December 5, Year 1, a P10 dividend per share of PLDT had been declared to be paid on April 30, Year 2 to shareholders of January 31, Year 2. There were no other transactions in Year 2 affecting the investment in PLDT. At what amount should Bayview record the investment in equity securities at January 10, Year 2? P142,250 P150,000 P152,250 P162,250 а. b. с. d.

Bayview Company bought 1,000 shares of PLDT shares as equity investments on January 10, Year 2 at P150 per share and paid P2,250 as brokerage fee. The investments are intended to be held for long-term price change and were designated as at fair value through other comprehensive income. On December 5, Year 1, a P10 dividend per share of PLDT had been declared to be paid on April 30, Year 2 to shareholders of January 31, Year 2. There were no other transactions in Year 2 affecting the investment in PLDT. At what amount should Bayview record the investment in equity securities at January 10, Year 2? P142,250 P150,000 P152,250 P162,250 а. b. с. d.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA2: Investments
Section: Chapter Questions
Problem 24E
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No. 19
Bayview Company bought 1,000 shares of PLDT equity investments on January 10, Year 2 at P150 per share and paid P2,250 as brokerage fee. The investments are intended to be held for long-term price change and were designated as at fair value through other comprehensive income. shares as On December 5, Year 1, a P10 dividend per share of PLDT had been declared to be paid on April 30, Year 2 to shareholders of January 31, Year 2. There were no other transactions in Year 2 affecting the investment in PLDT. At what amiount should Bayview record the investment in equity securities at January 10, Year 2? а. P142,250 P150,000 P152,250 P162,250 b. с. d.
Transcribed Image Text:Bayview Company bought 1,000 shares of PLDT equity investments on January 10, Year 2 at P150 per share and paid P2,250 as brokerage fee. The investments are intended to be held for long-term price change and were designated as at fair value through other comprehensive income. shares as On December 5, Year 1, a P10 dividend per share of PLDT had been declared to be paid on April 30, Year 2 to shareholders of January 31, Year 2. There were no other transactions in Year 2 affecting the investment in PLDT. At what amiount should Bayview record the investment in equity securities at January 10, Year 2? а. P142,250 P150,000 P152,250 P162,250 b. с. d.
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