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What amount of realized gain should Dahlia Company recognize

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Reference no: EM132819776

Problem - Dahlia Company has 35,000 ordinary shares of Amelie Corporation as an investment in equity securities through other comprehensive income. These shares were aquired at fair value. which was P43 per share on July 1. 2019. On December 31. 2019. The market value of these shares is P50 per share. Dahlia Company sold 15.000 shares of its investment in Amelie Corporation on January 23, 2020 for P50 per share. What amount of realized gain should Dahlia Company recognize in selling these shares?

Reference no: EM132819776

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