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On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $31 each plus a brokerage fee of $1,500. These 3,000 shares represent a 17% interest in Vancouver Company. During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $36 each Assuming BC Company is accounting for this investment using the FV-OCI Model, how much in Net Income (not OCI) did this investment generate for BC Company during 2020? Enter your answer without symbols or commas and to the nearest dollar. Answer: On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $31 each plus a brokerage fee of $1,500. These 3,000 shares represent a 17% interest in Vancouver Company During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $36 each Assuming BC Company is accounting for this investment using the Cost Model, how much in Net Income (not OCI) did this investment generate for BC Company during 2020? Enter your answer without symbols or commas and to the nearest dollar On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $30 each plus a brokerage fee of $1,500. These 3,000 shares represent a 17% interest in Vancouver Company During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $37 each. Assuming BC Company is accounting for this investment using the Cost Model, at what value should the investment appear on BC's December 31, 2020, Statement of Financial Position? Enter your answer without symbols or commas and to the nearest dollar, Which of the following is NOT a reason a company to invest in debt and equity instruments issued by other companies? O a the returns provided by the investments O b. to exercise influence or control over the operations of the investee To assist those companies in meeting financial obligations . Od to have a special relationship, with a supplier, for example On August 1, 2020, BC Company acquired $ 120,000 (face value) 10% bonds of Vancouver Corporation at 102 plus accrued interest. The bonds were dated May 1, 2020, and mature on April 30, 2023, with interest payable each October 31 and April 30. The bonds will be held to maturity. Assuming the amortized cost model is used the entry to record the purchase of the bonds on August 1, 2020 is a Bond Investment at Amortized Cost. 125,400 dr Cash 125,400 C Ob Bond Investment at Amortized Cost Interest Income. 122,400 de 3,000 dr 125,400 CE Cash.. Bond Investment at Amortized Cost 120,000dr Premium on Bonds 5,400 dr Cash 125,400 CE O d. Bond Investment at Amortized Cost Interest Income 125,400 dr 3,000 cr 122,400 cr Cash On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $32 each plus a brokerage fee of $1,500. These 3,000 shares represent a 16% interest in Vancouver Company. During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $36 each. Assuming BC Company is accounting for this investment using the FV-NI Model, how much in Net Income (not OCI) did this investment generate for BC Company during 2020? Enter your answer without symbols or commas and to the nearest dollar. Answer: On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $30 each plus a brokerage fee of $1,500. These 3,000 shares represent a 17% interest in Vancouver Company During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $37 each. Assuming BC Company is accounting for this investment using the FV-OC Model, at what value should the investment appear on BC's December 31, 2020, Statement of Financial Position? Enter your answer without symbols or commas and to the nearest dollar On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $27 each plus a brokerage fee of $1,500. These 3,000 shares represent a 18% interest in Vancouver Company During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $34 each. Assuming BC Company is accounting for this investment using the FV-NI Model, at what value should the investment appear on BC's December 31, 2020, Statement of Financial Position? Enter your answer without symbols or commas and to the 7 nearest dollar On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $31 each plus a brokerage fee of $1,500. These 3,000 shares represent a 17% interest in Vancouver Company During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $36 each. Assume this percentage of ownership gives BC Company significant influence over the investee and BC company is accounting for this investment using the Equity Model How much in Net Income (not OCI) did this investment generate for BC Company during 2020? Enter your answer without symbols or commas and to the nearest dollar. On January 1, 2020, BC Company purchased 3,000 shares of Vancouver Company at a cost of $31 each plus a brokerage fee of $1,500These 3,000 shares represent a 17% interest in Vancouver Company. During the year, Vancouver Company reported net income of $150,000 and declared and paid dividends totaling $80,000 At December 31, 2020, the shares of Vancouver Company were trading at $36 each Assume this percentage of ownership gives BC Company significant influence over the investee and BC company is accounting For this investment using the Equity Model. At what value should the investment appear on BC's December 31, 2020, Statement of Financial Position? Enter your answer without symbols or commas and to the nearest dollar

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