2018 2019

2/15/2018 Trading Securities (NFC) 1,800,000.00 1/11/2019 Dividend receivable 75,000.00

Stock rights 200,000.00 Dividend income 75,000.00 2
Cash 2,000,000.00 3
1/25/2019 Cash 800,000.00
3/10/2018 Trading Securities (NFC) 400,000.00 Trading Securities (NFC) 750,000.00
Stock rights 200,000.00 Dividend receivable 30,000.00
Cash 200,000.00 3 Gain on sale 20,000.00 4

6/9/2018 FAFV OCI (DTC) 2,700,000.00 2/14/2019 Cash 45,000.00

Cash 2,700,000.00 2 Dividend receivable 45,000.00 2

8/1/2018 Dividend receivable 62,500.00 2/21/2019 Inventory 80,000.00

Dividend income 62,500.00 2 Impairment loss/Dividend income 10,000.00
Dividend receivable 90,000.00 3
9/15/2018 Cash 62,500.00
Dividend receivable 62,500.00 2 4/20/2019 Cash 900,000.00
Retained earnings 100,000.00
10/13/2018 Cash 300,000.00 FAFV OCI (DTC) 1,000,000.00 3
Loss on investment 150,000.00
FAFV OCI (DTC) 450,000.00 3 Unrealized gain OCI 250,000.00
Retained earnings 250,000.00 2
11/22/2018 Trading Securities (MDC) 1,200,000.00
Cash 1,200,000.00 2 5/18/2019 FAFV OCI (LUC) 1,050,000.00
Cash 1,050,000.00 2
12/15/2018 Dividend receivable 90,000.00
Dividend income 90,000.00 2 6/29/2019 Trading Securities (MDC) 850,000.00
Land 500,000.00
12/31/2018 Unrealized loss TS 325,000.00 Gain on fair value of land 350,000.00 3
Trading Securities (NFC) 325,000.00 2
9/1/2019 Dividend receivable 125,000.00
FAFV OCI (DTC) 750,000.00 Dividend income 125,000.00 2
Unrealized gain OCI 750,000.00 2
10/15/2019 FAFV OCI (LUC) 31,250.00
Trading Securities (MDC) 300,000.00 Dividend income 93,750.00
Unrealized gain TS 300,000.00 2 Dividend receivable 125,000.00 3
 Share received 6,250.00
Fair value 5.00
31,250.00

11/15/2019 Memo entry: Received 10% stock dividend 2

12/16/2019 Stock rights 75,000.00

Trading Securities (NFC) 75,000.00 2

12/31/2019 Trading Securities (NFC) 225,000.00

Unrealized gain TS 225,000.00 2

Unrealized loss OCI 300,000.00

FAFV OCI (DTC) 300,000.00 2

Trading Securities (MDC) 290,000.00

Unrealized gain TS 290,000.00 2

FAFV OCI (LUC) 793,750.00

Unrealized gain OCI 793,750.00 2

25 38
 NFC
Shares Amount Per share

2/15/2018 20,000 1,800,000 90

3/10/2018 5,000 400,000 80
25,000 2,200,000 88
UL (325,000)
12/31/2018 25,000 1,875,000 75
1/25/2019 (10,000) (750,000)
15,000 1,125,000 75
Stock rights (75,000)
1,050,000
UG 225,000
12/31/2019 15,000 1,275,000 85

DTC
Shares Amount Per share

6/9/2018 15,000 2,700,000 180

10/13/2018 3,000 as if shares were received
18,000 2,700,000 150
10/13/2018 (3,000) (450,000) as if shares were sold
15,000 2,250,000 150
UG 750,000 50
12/31/2018 15,000 3,000,000 200
4/20/2019 (5,000) (1,000,000)
10,000 2,000,000
UL (300,000)
12/31/2019 10,000 1,700,000 170

MDC
Shares Amount Per share

11/22/2018 10,000 1,200,000 120

UG 300,000
12/31/2018 10,000 1,500,000 150
6/29/2019 5,000 850,000
15,000 2,350,000 157
11/15/2019 1,500
16,500 2,350,000 142
UG 290,000
12/31/2019 16,500 2,640,000 160

LUC
Shares Amount Per share

5/18/2019 25,000 1,050,000 42

10/15/2019 6,250 31,250 5
 31,250 1,081,250
UG 793,750
12/31/2019 31,250 1,875,000 60
13 B 1,500,000.00
Exchange of property for shares is value at the fair value of the property

14 C 1,960,000.00

Price per share 100.00

Dividend on per share 5.00
Net price per share 95.00
No. of shares 20,000
1,900,000.00
Cost of purchase 60,000.00
1,960,000.00

15 A 40,000.00
only the cash dividend is income

16 C 126.00
Subscription price 90.00
Stock rights
(2 rights at P18/right) 36.00
126.00

17 C 375,000.00
no. of shares FV/share FV fraction
Common 100,000 75.00 7,500,000.00 75/80 5,625,000.00
Preferred 10,000 50.00 500,000.00 5/80 375,000.00
8,000,000.00 6,000,000.00

18 A 240,000.00
no. of shares FV FV/share
Original 20,000 4,400,000.00 220
Stock dividend 2,000
22,000 4,400,000 200

SP of 2,000 shares 640,000.00

Cost (2,000 shares at P200/share) 400,000.00
240,000.00

19 A 1,150,000.00

Block 1 no. of shares FV FV/share

Original 20,000 2,000,000.00 100
Stock dividend 4,000
24,000 2,000,000.00 83
 Block 2 no. of shares FV FV/share
Original 30,000 3,600,000.00 120
Stock dividend 6,000
36,000 3,600,000.00 100

SP (30,000 shares at 125) 3,750,000.00

Cost
24,000 at P83 2,000,000.00
6,000 at P100 600,000.00 2,600,000.00
1,150,000.00

20 C 2,310,000.00
Subscription price (22,000 shares at P80/ share 1,760,000.00
Stock rights (22,000 x 5 rights x 5) 550,000.00
2,310,000.00

21 A 1,000,000.00

Parity 125-100
4+1 5.00

no of rights 200,000
1,000,000.00

22 A 6,000,000.00
Subscription price (200,000/4 rights at P100/share) 5,000,000.00
Stock rights 1,000,000.00
6,000,000.00

23 B 1,250,000.00

Parity 125-100
4 6.25

no of rights 200,000
1,250,000.00

24 C 1,800,000.00
shares in lieu of cash is dividend income measured at the
fair value of the share received

Shares 10,000
FV/share 180.00
 1,800,000.00

25 B 800,000.00
no. of shares FV FV/share
Original 100,000 13,200,000.00 132
As Stock dividend 10,000
110,000 13,200,000.00 120
As if sold (10,000) (1,200,000)
100,000 12,000,000 120

Cash dividend received (100,000 @ P20/share) 2,000,000.00

Cost of 10,000 shares (1,200,000.00)
Gain on investment 800,000.00

26 A 180,000.00
no. of shares
Original 10,000
Stock dividend 2,000
12,000
cash dividend/share 15.00
180,000.00

27 B (100,000.00)
Cost FV Gain(Loss)
AA 3,500,000.00 3,300,000.00 (200,000.00)
CC 4,200,000.00 4,300,000.00 100,000.00
(100,000.00)

28 B 350,000.00
Cost FV Gain(Loss)
BB 1,200,000.00 1,850,000.00 650,000.00
DD 3,450,000.00 3,150,000.00 (300,000.00)
350,000.00

29 B 150,000.00
SP of AA 3,450,000.00
FV as of 12/31/2019 3,300,000.00
150,000.00

30 A 0
There is no gain or loss on income statement on shares carried
at fair alue through OCI