What is the revised carrying amount per share of Mad Company ordinary shares after the receipt of
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What is the revised carrying amount per share of Mad Company ordinary shares after the receipt of bonus issue on June 14, 2020?
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Jam Company bought the ordinary shares of Mad Company designated as equity securities at fair value through other comprehensive income, as follows: June 20,2019 - 1,000 shares for P 101,600 November 5,2019 - 3,000 shares at P 104 per share On January 25,2020, Jam Company received cash dividend of P 4.50 per share. On June 14,2020, it received a 10% bonus issue and on July 18,2020, Jam sold 1,500 shares at P 95 per share. Market values of Mad Company ordinary shares are as follows: December 31,2019 - P 106.70 per share December 31,2020 - P 96 per share Jam Company bought the ordinary shares of Mad Company designated as equity securities at fair value through other comprehensive income, as follows: June 20,2019 - 1,000 shares for P 101,600 November 5,2019 - 3,000 shares at P 104 per share On January 25,2020, Jam Company received cash dividend of P 4.50 per share. On June 14,2020, it received a 10% bonus issue and on July 18,2020, Jam sold 1,500 shares at P 95 per share. Market values of Mad Company ordinary shares are as follows: December 31,2019 - P 106.70 per share December 31,2020 - P 96 per share
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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