Coporation completed the following transactions realting to investment in other company ordinary shares which were acuired for trdaing purposes 2019 Purchased 1000 shares at 150 per share plus transaction costs of 3750 At year end other company ordinary share had a fair value of 180 per share 2020 sold 500 of other company ordinary shares for a total of 94000 at year end FV of each share was 192 On date of purchase of the invcestmebnt, the amount debited to asset account is? the total net amunt reported in 2019 profit or loss is? ]the current assets at dec 31 20919 will report the value investment at?
Coporation completed the following transactions realting to investment in other company ordinary shares which were acuired for trdaing purposes 2019 Purchased 1000 shares at 150 per share plus transaction costs of 3750 At year end other company ordinary share had a fair value of 180 per share 2020 sold 500 of other company ordinary shares for a total of 94000 at year end FV of each share was 192 On date of purchase of the invcestmebnt, the amount debited to asset account is? the total net amunt reported in 2019 profit or loss is? ]the current assets at dec 31 20919 will report the value investment at?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Coporation completed the following transactions realting to investment in other company ordinary shares which were acuired for trdaing purposes
2019
Purchased 1000 shares at 150 per share plus transaction costs of 3750
At year end other company ordinary share had a fair value of 180 per share
2020
sold 500 of other company ordinary shares for a total of 94000
at year end FV of each share was 192
On date of purchase of the invcestmebnt, the amount debited to asset account is?
the total net amunt reported in 2019 profit or loss is?
]the current assets at dec 31 20919 will report the value investment at?
The total amount reported in 2020
the total amount reported in 2020 OCI is?
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