This subject is Intermedite Accounting Required: a. After receiving…This subject is Intermedite AccountingImage transcription textSUNNY COMPANY Sunny Company owns 6,400 shares of Cloudy Company’s ordinary shares at a cost of P80per share. Cloudy Company which has 40,000 shares of P50 par value common stock, declared and issued a25% stock dividend on December 20, 2013 to be distributed on January 18, 2014. The fair value of… Show more… Show moreRequired:a. After receiving the stock dividend, Sunny Company sold all the additional shares for P102,500. How much should be the amount of dividend income in 2013?b. The gain or loss on sale of the additional shares isBusinessAccountingACCTG. 101
solved : This subject is Intermedite Accounting Required: a. After re
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