Question: May I ask for an explanation/solution to the question for a better understanding. Thank you! On March 1, Evan Company purchased 10,000 ordinary shares at

May I ask for an explanation/solution to the question for a better understanding. Thank you!

On March 1, Evan Company purchased 10,000 ordinary shares at P80 per share.

On September 30, Evan Company received 10,000 share rights to purchase an additional 10,000 shares at P90 per share.

On September 30, the share had a market value P95 and the share right had a market value of P5.

What amount should be reported for investment in share rights on September 30?

a. 150,000

b. 100,000

c. 50,000

d. 60,000

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