Here is the answers for this question without recycling of FV OCI. What I want...

80.2K

Verified Solution

Question

Accounting

imageHere is the answers for this question without recycling of FV OCI. What I want is to change to WITH recycling of FV OCI, how to solve all with recycling ? Which parts gonna changed?
image
made carrying value Investoo Inc. has invested in the following companies during 2014 Pear Corp. 10,000 shares 6$6.00 per share $6,000 transaction costs oct Doggle Inc. 15,000 shares 18.00 per share 9,000 transaction costs oc Bookface Ltd. 12,000 shares 110.00 per share 10,000 transaction costs Pear Corp, has been designated as FVTPL while the other investments have bee At December 31, 2014 fair values were as followa: et cod reiaid eaminy Pear Corp. Doggle Inc. Bookface Ltd 10.20 9.50 May 15, 2013 the shares in Pear Corp are sold for $12.00 and the shares in Doggle Inc. have been soldfor $9.50. 123000 REQUIRED holding gain (oss)foir volve camy)u onmnrt Prepare all journal entries for 2014 and 2015 nvestinent Fv-w finance cost 600 Casl as gin pret at35005 16 ovo Cas h Fv-Pc l-tade" less coct) @soy sell pria fer vole Cash Cornly fr Sneed ginos on the target) easiest way: Sold price 12500acgisition C buy include traniacti Cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students