Answer

a. MakaPasarLagiKo

3/1/2019 Trading securities 180,000

Commission 40,000
Dividend receivable 20,000
Cash 240,000

4/1/2019 Cash 20,000

Dividend receivable 20,000

12/31/2019 Trading Securities 30,000

Unrealized gain-TS 30,000

Transaction No. of shares Total fair value Fair value per share
Purchase 2,000 180,000 90
Unrealized gain 30,000
Ending 2,000 210,000 105

b. NoOneCanStopMe

5/1/2019 Financial Asset at FV thru OCI 255,000

Cash 255,000

10/11/2019 Memo entry

12/31/2019 Unrealized loss-OCI 57,000

Financial Asset at FV thru OCI 57,000

Transaction No. of shares Total fair value Fair value per share
Purchase 1,500 255,000 170
Stock dividend 300
Total 1,800 255,000 142
Unrealized loss (57,000)
Ending 1,800 198,000 110

c. ByAllMeans

6/1/2019 Trading securities 285,000

Cash 285,000

8/15/2019 Memo Entry

Received 5 shares for every 3 shares held through a stock split up

8/15/2019 Trading securities 125,000

 Cash 125,000

12/31/2019 Dividend receivable 25,000

Dividend income 25,000

Unrealized loss-TS 35,000

Trading Securities 35,000

Transaction No. of shares Total fair value Fair value per share
Purchase 3,000 285,000 95
Stock slpit 2,000 -
Total 5,000 285,000 57
Special assessment 125,000
Total 5,000 410,000 82
Unrealized loss (35,000)
Ending 5,000 375,000 75

d. IWillDoMyBest

8/1/2019 Financial Asset at FV thru OCI 200,000

Cash 200,000

10/11/2019 Dividend receivable 60,000

Dividend income 60,000

10/31/2019 Financial Asset at FV thru OCI 55,000

Dividend income 5,000
Dividend receivable 60,000

Shares received(4,000/4) 1,000

FV at 10/31/2019 55
55,000

12/31/2019 Financial Asset at FV thru OCI 45,000

Unrealized gain-OCI 45,000

Transaction No. of shares Total fair value Fair value per share
Purchase 4,000 200,000 50
Stock dividend 1,000 55,000 55
Total 5,000 255,000 51
Unrealized gain 45,000
Ending 5,000 300,000 60

e. GodWillDotheRest

2/14/2019 Trading securities 300,000

 Cash 300,000

Parity value (125-80)

5 9
3/15/2019 Stock rights 45,000
Trading securities 45,000

4/1/2019 Trading securities 62,500

Stock rights 22,500
Cash 40,000

Cash 15,000
Stock rights 13,500
Gain on sale of stock rights 1,500

5/1/2019 Loss on stock rights 9,000

Stock rights 9,000

12/31/2019 Trading Securities 150,000

Unrealized gain-TS 150,000

Transaction No. of shares Total fair value Fair value per share
Purchase 5,000 300,000 60
Stock rights (45,000)
5,000 255,000 51
Stock rights exercised 500 62,500
Total 5,500 317,500 58
Unrealized gain 150,000
Ending 5,500 467,500 85

f. SoHelpLord

6/9/2019 Financial Asset at FV thru OCI 990,000

Cash 990,000

6/29/2019 Memo entry

Will receive 10% share dividend

11/22/2019 Cash 120,000

Financial Asset at FV thru OCI 90,000
Gain on investment 30,000

12/31/2019 Financial Asset at FV thru OCI 180,000

Unrealized gain-OCI 180,000

Transaction No. of shares Total fair value Fair value per share
Purchase 9,000 990,000 110
Share dividend 900
9,900 990,000 100
Sale of share dividend (900) (90,000)
Total 9,000 900,000 100
Unrealized gain 180,000
Ending 9,000 1,080,000 120

Requirement B.
TS OCI
A. Amount of initial investment
a. MakaPasarLagiKo 180,000
b. NoOneCanStopMe 255,000
c. ByAllMeans 285,000
d. IWillDoMyBest 200,000
e. GodWillDotheRest 300,000
f. SoHelpLord 990,000
765,000 1,445,000

TS OCI
B. Dividend income
a. MakaPasarLagiKo -
b. NoOneCanStopMe -
c. ByAllMeans 25,000
d. IWillDoMyBest 55,000
e. GodWillDotheRest -
f. SoHelpLord -
25,000 55,000

TS OCI
C. Unrealized gain (loss)
a. MakaPasarLagiKo 30,000
b. NoOneCanStopMe (57,000)
c. ByAllMeans (35,000)
d. IWillDoMyBest 45,000
e. GodWillDotheRest 150,000
f. SoHelpLord 180,000
145,000 168,000

TS OCI
D. Carrying amount at December 31, 2019
a. MakaPasarLagiKo 210,000
b. NoOneCanStopMe 198,000
c. ByAllMeans 375,000
d. IWillDoMyBest 300,000
e. GodWillDotheRest 467,500
f. SoHelpLord 1,080,000
1,052,500 1,578,000