duering Y2 Aylmer Inc. purchased the following investments for cash but incorrectly recorded them Other...
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duering Y Aylmer Inc. purchased the following investments for cash but incorrectly recorded them Other Investments on the balance sheet follows IFRS January Purchased of shares outstanding of London March Belmont Limited, common shares April Lyons bonds $ bonds Interest is paid April and October REQUIRED Prepare the entry to correct the above amounts from Other investments to the appropriate accounts assuming that she common shares are classed as FV the investment in London represents significant influence and the bonds are classified as Prepare the entry to accrued interest income at December Prepare necessary revtuation entries given the following fair values Belmont Limited Prepare any required entries given the following Y information for London Inc Net income for the year dividends paid Number of employees Repon the appropriate balances on the December Y balance sheet for the above information After interest was received, the Lyons Inc bonds were sold on April for $ Prepare the appropriate entryies
duering Y Aylmer Inc. purchased the following investments for cash but incorrectly recorded them Other Investments on the balance sheet follows IFRS January Purchased of shares outstanding of London March Belmont Limited, common shares April Lyons bonds $ bonds Interest is paid April and October REQUIRED Prepare the entry to correct the above amounts from Other investments to the appropriate accounts assuming that she common shares are classed as FV the investment in London represents significant influence and the bonds are classified as Prepare the entry
to accrued interest income at December Prepare necessary revtuation entries given the following fair values Belmont Limited Prepare any required entries given the following Y information for London Inc Net income for the year dividends paid Number of employees Repon the appropriate balances on the December Y balance sheet for the above information After interest was received, the Lyons Inc bonds were sold on April for $ Prepare the appropriate entryies
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