8. During 2020. Lowcan Company bough the shores of Burwood Compony as folfows: 2.000.000 3600.00 5.600.000 june ! 20.000 shares @P100 30,000 shares @ P120 December 1 The transactions for 2021 are:...


8. During 2020. Lowcan Company bough the shores of Burwood Compony as<br>folfows:<br>2.000.000<br>3600.00<br>5.600.000<br>june !<br>20.000 shares @P100<br>30,000 shares @ P120<br>December 1<br>The transactions for 2021 are:<br>Jonuary 10<br>Received cash dividend at P10 pershare.<br>January 20<br>Received 20% stock dividend.<br>December 10<br>Soid 30000 shcres ot P125 per shore<br>30,000x 124<br>1, The goin on the sale of the shares ossuming the FIFO opprooch is<br>C. 150.000<br>d. 530,00X0<br>1.150.000<br>5. 950,000<br>2. Whatis the çain on sale of invesiment using ihe average approach?<br>a. 950.000<br>b. 750,000<br>C. 800.000<br>d. 900,000<br>A What totgiamount shoulb be reporns ncome from ihe investment using<br>FIFO approach?<br>a. 1.650.000<br>b. 1450,000<br>C. 1.750000<br>d. 500,000<br>10, c00, 000<br>

Extracted text: 8. During 2020. Lowcan Company bough the shores of Burwood Compony as folfows: 2.000.000 3600.00 5.600.000 june ! 20.000 shares @P100 30,000 shares @ P120 December 1 The transactions for 2021 are: Jonuary 10 Received cash dividend at P10 pershare. January 20 Received 20% stock dividend. December 10 Soid 30000 shcres ot P125 per shore 30,000x 124 1, The goin on the sale of the shares ossuming the FIFO opprooch is C. 150.000 d. 530,00X0 1.150.000 5. 950,000 2. Whatis the çain on sale of invesiment using ihe average approach? a. 950.000 b. 750,000 C. 800.000 d. 900,000 A What totgiamount shoulb be reporns ncome from ihe investment using FIFO approach? a. 1.650.000 b. 1450,000 C. 1.750000 d. 500,000 10, c00, 000

Jun 11, 2022
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