Question: Q1 On December 1, 2018, Nida Corp. declared a property dividend of marketable securities to be distributed on December 31, 2018, to stockholders of record

On December 1, 2018, Nida Corp. declared a property dividend of marketable securities to be distributed on December 31, 2018, to stockholders of record on December 15, 2018. On December 1, 2018, the trading securities had a carrying amount of P60,000 and a fair value of P78,000. On December 31, 2018, the trading securities had a fair value of P A 00

B 85,000

C 60,000

D 78,000

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