The Timog Corporation bought the shares of Luna Company classified as equity investments at fair value through other comprehensive income, as follows: April 17, 2022 1,000 shares at P84 July 16, 2022...


The Timog Corporation bought the shares of Luna Company classified as equity investments at fair value through other<br>comprehensive income, as follows:<br>April 17, 2022 1,000 shares at P84<br>July 16, 2022<br>2,000 shares at P90<br>Market value per share of Luna Company shares at December 31, 2022 was P92.<br>The following were the transactions for 2023:<br>January 10<br>Received cash dividend at P4 per share.<br>June 20<br>Received 5% bonus issue.<br>December 10 Sold 1,200 shares at P105 per share.<br>How much is the total dividend revenue for the year 2023?<br>(А) Р13,800<br>(В) Р12,000<br>C P25,800<br>(D PO<br>

Extracted text: The Timog Corporation bought the shares of Luna Company classified as equity investments at fair value through other comprehensive income, as follows: April 17, 2022 1,000 shares at P84 July 16, 2022 2,000 shares at P90 Market value per share of Luna Company shares at December 31, 2022 was P92. The following were the transactions for 2023: January 10 Received cash dividend at P4 per share. June 20 Received 5% bonus issue. December 10 Sold 1,200 shares at P105 per share. How much is the total dividend revenue for the year 2023? (А) Р13,800 (В) Р12,000 C P25,800 (D PO

Jun 09, 2022
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