stock dividend when the market price of the share was P250 On December 31, 1,2020 for P6,600,000. On Decermber30,2020, Nolan distributed a 10% taifiary 6. Avon Company acquired 40.000 ordinary shares of Nolon Company Ociober ,2020 for P6,600,000. On Decernber30.2020. Nolan distributed o(107%rana SlOck dividend when the market price of the share wOS P250 On DecemberS" 2020, Avon sokd 4,000 shares of its Nolan Corfipany forPi00,000. For fhe yeur ended December 31.2020. how muct should Avon.report as gain on sale oi investment? 0. 340.000 400,000 40,000 C. 500.000 d. 600,000
stock dividend when the market price of the share was P250 On December 31, 1,2020 for P6,600,000. On Decermber30,2020, Nolan distributed a 10% taifiary 6. Avon Company acquired 40.000 ordinary shares of Nolon Company Ociober ,2020 for P6,600,000. On Decernber30.2020. Nolan distributed o(107%rana SlOck dividend when the market price of the share wOS P250 On DecemberS" 2020, Avon sokd 4,000 shares of its Nolan Corfipany forPi00,000. For fhe yeur ended December 31.2020. how muct should Avon.report as gain on sale oi investment? 0. 340.000 400,000 40,000 C. 500.000 d. 600,000
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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