You have been asked by the VP of Finance to identify the appropriate accounting treatment for the following series of investments made by Metaphor Investments Inc. (Round per share calculations to 1 decimal place in percentage.) • Purchased 86,250 of the 125,000 shares outstanding for The Natural Pharmacy Inc. Purchased 50,400 of 120,000 shares outstanding for Metro Inc. • Purchased 60,300 of 90,000 shares outstanding for Le Petite Boulangerie Inc. Purchased 59,850 of 95,000 shares outstanding for Wood Passion Ltd. Company The Natural Pharmacy Inc Metro Inc Le Petite Boulangerie Inc Wood Passion Ltd Percentage of purchased shares % % Treatment

You have been asked by the VP of Finance to identify the appropriate accounting treatment for the following series of investments made by Metaphor Investments Inc. (Round per share calculations to 1 decimal place in percentage.) • Purchased 86,250 of the 125,000 shares outstanding for The Natural Pharmacy Inc. Purchased 50,400 of 120,000 shares outstanding for Metro Inc. • Purchased 60,300 of 90,000 shares outstanding for Le Petite Boulangerie Inc. Purchased 59,850 of 95,000 shares outstanding for Wood Passion Ltd. Company The Natural Pharmacy Inc Metro Inc Le Petite Boulangerie Inc Wood Passion Ltd Percentage of purchased shares % % Treatment

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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