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London Ltd . reported the following transactions and information regarding the shares of Dolma Corp: 1 5 October 2 0 X 2 , purchased 2
London Ltd reported the following transactions and information regarding the shares of Dolma Corp: October X purchased shares at $ per share plus $ commission. December X received $ per share cash dividend. December X fair value is $ per share. December X received $ per share cash dividend. December X fair value is $ per share. November X sold shares at $ per share less $ commission. December X received $ per share cash dividend. December X fair value is $ per share. Required: Show the amounts and accounts that would be reported in earnings and the statement of financial position for XX and X if the company uses the: Negative amounts should be indicated by minus sign. a Cost method. b FVTPL method. c FVOCIEquity method; realized amounts are transferred to retained earnings.
London Ltd reported the following transactions and information regarding the shares of Dolma Corp:
October X purchased shares at $ per share plus $ commission.
December X received $ per share cash dividend.
December X fair value is $ per share.
December X received $ per share cash dividend.
December X fair value is $ per share.
November X sold shares at $ per share less $ commission.
December X received $ per share cash dividend.
December X fair value is $ per share.
Required:
Show the amounts and accounts that would be reported in earnings and the statement of financial position for XX and X if the company uses the: Negative amounts should be indicated by minus sign.
a Cost method.
b FVTPL method.
c FVOCIEquity method; realized amounts are transferred to retained earnings.
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