6. Avon Company acquired 40.000 ordinary shares of Nolon Company OCiober Financial Accounting ! Chapter 9 Page 24 2020 for P6,600,000. On Decernber30.2020. Nolan distributed o10%ana stock dividend...


6. Avon Company acquired 40.000 ordinary shares of Nolon Company OCiober<br>Financial Accounting !<br>Chapter 9<br>Page 24<br>2020 for P6,600,000. On Decernber30.2020. Nolan distributed o10%ana<br>stock dividend when the market price of the share w as P250 On Decenbare<br>2020, Avon sokd 4,000 shares of its Nolan Oonfipany forPi C00,000. For ffie year<br>Ehded December 31.2020. how muct should Avon.report as gain on sale of<br>investment?<br>0. 340.000<br>400,000<br>40,000<br>C. 500.000<br>d. 600,000<br>

Extracted text: 6. Avon Company acquired 40.000 ordinary shares of Nolon Company OCiober Financial Accounting ! Chapter 9 Page 24 2020 for P6,600,000. On Decernber30.2020. Nolan distributed o10%ana stock dividend when the market price of the share w as P250 On Decenbare 2020, Avon sokd 4,000 shares of its Nolan Oonfipany forPi C00,000. For ffie year Ehded December 31.2020. how muct should Avon.report as gain on sale of investment? 0. 340.000 400,000 40,000 C. 500.000 d. 600,000

Jun 11, 2022
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