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Dex Corporation, part of banking industry but performing quasi - banking function had the following transactions for the 4th quarter of 2020: Loans, 10%, 6 years, 10/1 2020.            P 100,000 Rental income, net of 5% EWT from its Property        P19,000 Trading gain (loss):         3rd Quarter:    (10,000) October.            20,000 November.        (5,000) December.        25,000 Jan. 2021.        30,000 1. How much is the OPT of Dex Corporation for the 4th Qtr. of 2020? A. 3,525 B. 4,225 C. 3,600 D. 3,455

Dex Corporation, part of banking industry but performing quasi - banking function had the following transactions for the 4th quarter of 2020: Loans, 10%, 6 years, 10/1 2020.            P 100,000 Rental income, net of 5% EWT from its Property        P19,000 Trading gain (loss):         3rd Quarter:    (10,000) October.            20,000 November.        (5,000) December.        25,000 Jan. 2021.        30,000 1. How much is the OPT of Dex Corporation for the 4th Qtr. of 2020? A. 3,525 B. 4,225 C. 3,600 D. 3,455

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dex Corporation, part of banking industry but performing quasi - banking function had the following transactions for the 4th quarter of 2020:

Loans, 10%, 6 years, 10/1 2020.            P 100,000

Rental income, net of 5% EWT from its Property        P19,000

Trading gain (loss):        

3rd Quarter:    (10,000)

October.            20,000

November.        (5,000)

December.        25,000

Jan. 2021.        30,000

1. How much is the OPT of Dex Corporation for the 4th Qtr. of 2020?

A. 3,525

B. 4,225

C. 3,600

D. 3,455

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