WATDA Corporation acquired 20,000 PAK Corporations shares on February 1, 2020 at P1,000,000 including a...
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WATDA Corporation acquired 20,000 PAK Corporations shares on February 1, 2020 at P1,000,000 including a P2 per share brokers fees and commissions. A P50,000 cash dividends were received from PAK Corporation on July 1, 2020. PAK Corporations shares were split 3 for 1 on November 1, 2020. The shares were selling at P30 per share on December 31, 2020. The investments were classified as Investment at Fair Value through Profit or Loss.
13. How much is the total net amount that should be reported in the Profit or Loss Statement for the year 2020?
a. 850,000 b. 930,000 c. 890,000 d. 810,000
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