Daron Co. purchased 20.000 shares of Herkul Co on 2 April 2018. Share price of Herkul Co. was 6 $. Daron company also paid a total commission of 500 $. On 1 June Daron company received a total dividend of 2.000 $ from Herkul Co. The share price of Herkul Co. on 312.2018 was 7 $. Daron company classified this investment as Fair Value Through Profit or Loss (FVTPL) Investments. Make the necessary journal entries
Daron Co. purchased 20.000 shares of Herkul Co on 2 April 2018. Share price of Herkul Co. was 6 $. Daron company also paid a total commission of 500 $. On 1 June Daron company received a total dividend of 2.000 $ from Herkul Co. The share price of Herkul Co. on 312.2018 was 7 $. Daron company classified this investment as Fair Value Through Profit or Loss (FVTPL) Investments. Make the necessary journal entries
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 28E
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