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Question 5-FVTPL Shares ABC Inc. bought 1,000 shares of 678 Inc. at $10 per share...

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Question 5-FVTPL Shares ABC Inc. bought 1,000 shares of 678 Inc. at $10 per share on July 1st, 2012.On December 30th, 678 Inc. declared a dividend of $1.20 per share. The shares are designated as FVTPL by ABC's management The share price was $9 on December 31st, 2012 are all required journal entries for 2012. Explanation PR Credit

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