The Edsa company wishes to finance an expansion program through the issue of new shares. Accordingly, it offers its shareholders...
birsarThe Edsa company wishes to finance an expansion program through the issue of new shares. Accordingly, it offers its shareholders the opportunity to subscribe to new shares at P135 up to 50% of their holdings. The value of each share on June 1 is P150. The share goes ex-rights on the market on June 2. Mendiola corp. owns 2,000 shares of Edsa company acquired at a cost of P132,000. The shares are measured at fair value through other comprehensive income.
Compute for the following:
a. Theoretical Market value of a right
b. Total cost of the stock rights received
c. gain of loss on sale of stock rights, assuming that Mendiola sold 1000 of the rights at P5.50 each
13 years ago
20
Answer(0)
Bids(0)
other Questions(10)
- m6a2om
- Why do you think participation can be perceived as weakness in alternative dispute resolution
- the kenyan police rounded up, people in the streets and classified them int one or more of 3 groups; alshabab,...
- 96 ? 256 equels ? See how much times can you do this?
- While eating at Alex's "Pizza by the Slice" restaurant, Kara experiences diminishing marginal utility. She gained 10 units of satisfaction...
- a backpacking tent in the shape of a triangular prism has sides that are 6ft ans a length of 7ft...
- Themes & Corresponding Works, Race / Ethnicity, Country Lovers (Gordimer), What It’s Like to Be a Black Girl (Smith)
- why was the invation of normandy on d-day important to the outcome of WWII
- The Neckalace short story 2.Write the symbol and consider how it relates to that story's particular situation; discuss why it...
- Finance: Perfect Competition and the Supply Curve & Monopoly
