Vivienne Company owns 15,000 of the 100,000 ordinary shares of Rain Corporation. The investment is accounted as Financial Assets at Fair Value Through Profit or Loss (FA-FV-P/L) and has a carrying value of P3,300,000. Rain Corporation declared a 10% stock dividend but gave the investors the option to receive 210 per whole stock of dividend. How much cash will Vivienne receive? In your solutions, show the journal entry to record the dividends
Vivienne Company owns 15,000 of the 100,000 ordinary shares of Rain Corporation. The investment is accounted as Financial Assets at Fair Value Through Profit or Loss (FA-FV-P/L) and has a carrying value of P3,300,000. Rain Corporation declared a 10% stock dividend but gave the investors the option to receive 210 per whole stock of dividend. How much cash will Vivienne receive? In your solutions, show the journal entry to record the dividends
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Vivienne Company owns 15,000 of the 100,000 ordinary shares of Rain Corporation. The investment is accounted as Financial Assets at Fair Value Through Profit or Loss (FA-FV-P/L) and has a carrying value of P3,300,000. Rain Corporation declared a 10% stock dividend but gave the investors the option to receive 210 per whole stock of dividend. How much cash will Vivienne receive? In your solutions, show the
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