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How much is the unrealized gain at Dec 31, 20X1?     1,000 15,000 50,000 65,000

How much is the unrealized gain at Dec 31, 20X1?     1,000 15,000 50,000 65,000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 6MCQ: Ames Corporation repurchases 10,000 shares of its common stock for $12 per share. The shares were...
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3.On August 20X1, ABC Company bought 50,000 shares of Z Corp  at P300,000. Commission and taxes related to the acquisition were P15,000. ABC designated the shares as held for trading. On Dec 31, 20X1 Z Corp's share had a fair value of P350,000 On Jan 12, 20X2,  the shares were sold at P7.10 per share. Transaction costs related to the sale were P6,000. 

How much is the unrealized gain at Dec 31, 20X1?
 
 
1,000
15,000
50,000
65,000
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