Current Attempt in Progress Pina Colada Corporation had the following portfolio of investments at...
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Current Attempt in Progress Pina Colada Corporation had the following portfolio of investments at December that qualified and were accounted for using the FVOCl method: Early in Pina Colada sold all the Frank shares for $ per share, less a commission on the sale. On December Pina Colada's portfolio consists of the following common shares: Assume that Pina Colada reports net income of $ for its year ended December and that the company follows a policy of capitalizing transaction costs. Realized gains and losses on equity imvestments are reclassified from accumulated other comprehensive income directly to retained earnings. a What should be reported on Pina Colada's December statement of financial position for this longterm portfolio? Enter negative amounts using either a negative sign preceding the number eg or parentheses eg Pina Colada Corporation Statement of Financial Position As at December Investments, at Falr Value with Galns and Losses in OCl 
Current Attempt in Progress
Pina Colada Corporation had the following portfolio of investments at December that qualified and were accounted for
using the FVOCl method:
Early in Pina Colada sold all the Frank shares for $ per share, less a commission on the sale. On December Pina
Colada's portfolio consists of the following common shares:
Assume that Pina Colada reports net income of $ for its year ended December and that the company follows a
policy of capitalizing transaction costs. Realized gains and losses on equity imvestments are reclassified from accumulated other
comprehensive income directly to retained earnings.
a
What should be reported on Pina Colada's December statement of financial position for this longterm portfolio? Enter
negative amounts using either a negative sign preceding the number eg or parentheses eg
Pina Colada Corporation
Statement of Financial Position
As at December
Investments, at Falr Value with Galns and Losses in OCl
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