Comprehensive Investments: Ruiz Imports is a public company. It reported the following at the end of 20X5:

Question:

FVTOCI investment, Barker Co. 10,000 shares ($271,000 cost) FVTPL investments Chowdury Co., 14,000 shares Sawicki Co., $70,000 par value, 10% bond, due 31 December 20X7; originally purchased at par $ 316,000 $908,000 74,000 982,000 AC investment Duval Co. bonds, $200,000 par value, 9% bond, semi-annual interest; due 30 June 20X8

The following transactions and events took place in 20X6:

a. Dividends received, Barker Co, $ 0.50 per share, Chowdury Co., $ 1 per share, Binod Ltd., $ 2.50 per share.

b. Semi- annual interest was received on both bonds on 30 June.

c. Early in July, the Barker Co. shares were sold for $ 406,000, and the Chowdury Co. shares were sold for $ 62 per share. Holding gains and losses in reserves are not reclassified on realization.

d. One thousand Wong Ltd. shares were acquired for a total of $ 134,000. This is an FVTPL investment.

e. Ruiz owns 30% of the voting shares of Binod Ltd. Binod Ltd. reported earnings of $ 200,000 for 20X6. There was $ 108,000 of goodwill inherent in the original purchase price, and a fair value allocations on equipment, on which annual depreciation of $ 3,400 must be recorded.

f. The Sawicki Co. bond was sold for $ 71,400 plus accrued interest on 1 October 20X6.

g. Lucky Co. shares were acquired as a FVTPL investment, 300,000 shares for a total cost of $ 89,000.

h. Semi- annual interest was received on the Duval Co bond at the end of December.

i. Wong Co. paid a dividend of $ 0.40 per share.

j. Fair values on 31 December 20X6: Wong Ltd., $ 125 per share; Lucky Co., $ 0.65 per share; Barker Ltd., $ 62 per share; Chowdury Co., $ 95.

Required:

1. List the accounts and amounts that would appear in earnings. Also calculate the change in accumulated other comprehensive income for the year ended 31 December 20X6.

2. List the accounts and amounts that would appear on the statement of financial position for the year ended 31 December 20X6.

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