On January 11, 2021, BERRY Company declared and distributed its trading securities as dividend. At the time of declaration, the investment has a carrying value of ₱500,000 and a related unrealized loss of ₱100,000. By what amount should BERRY Company charge its Retained Earnings as a result of the dividend declaration? a. ₱ 500,000 b. ₱ 400,000 c. ₱ 600,000 d. ₱ 100,000

On January 11, 2021, BERRY Company declared and distributed its trading securities as dividend. At the time of declaration, the investment has a carrying value of ₱500,000 and a related unrealized loss of ₱100,000. By what amount should BERRY Company charge its Retained Earnings as a result of the dividend declaration? a. ₱ 500,000 b. ₱ 400,000 c. ₱ 600,000 d. ₱ 100,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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On January 11, 2021, BERRY Company declared and distributed itstrading securities as dividend. At the time of declaration, the investmenthas a carrying value of ₱500,000 and a related unrealized loss of₱100,000. By what amount should BERRY Company charge its RetainedEarnings as a result of the dividend declaration? Choices: ₱ 400,000₱ 600,000₱ 500,000₱ 100,000
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