Leslie and Aira invested at The Ponkan King Corp. by buying P 3,000,000.00 and P 2,000,000.00 worth of stocks respectively. If their combined stocks gained P 1,000,000.00, which of the following is the most justifiable share of the stockholders. a. Leslie = P 500 K; Aira = P 500 K b. Leslie = P 600 K; Aira = P 400 K c. Leslie = 0; Aira = P 1 M d. Leslie = 0; Aira = 0; Ramon (owner) = P 1 M

Leslie and Aira invested at The Ponkan King Corp. by buying P 3,000,000.00 and P 2,000,000.00 worth of stocks respectively. If their combined stocks gained P 1,000,000.00, which of the following is the most justifiable share of the stockholders. a. Leslie = P 500 K; Aira = P 500 K b. Leslie = P 600 K; Aira = P 400 K c. Leslie = 0; Aira = P 1 M d. Leslie = 0; Aira = 0; Ramon (owner) = P 1 M

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter20: Corporations And Parterships

Section: Chapter Questions

Problem 46P

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