1. Jams LTD. A Public Company, year end Dec. 31. (Chapter 11) In March 20x8, James LTD. purchased 200 shares for $2000, plus $ 250 commission fee of Jem Inc. The investment Classified as FVoci In Nov. 20x8, Jim Inc declear and paid dividert of $120 per shore. Fair value of Jim's Share as of Dec. 31 is $2800. a) Provide Journal Entry for the year 2018 for Jome's LTD with respect to investment in Jim Inc. b) In Feb. 20x9. Jome's LTD sold all of its shares in Jim Inc. for $3.000 less $300 in commission. James LTD does not want any of the holding gain / loss remain in equity. C) Assume Tames LTD. Classified the investment as FVTPL, prepare Journal Entry when investment was purchased in March 20x8 only. d) Once elected, can the company later Change in classification to FV TPL investment? 1. Jams LTD. A Public Company, year end Dec. 31. (Chapter 11) In March 20x8, James LTD. purchased 200 shares for $2000, plus $ 250 commission fee of Jem Inc. The investment Classified as FVoci In Nov. 20x8, Jim Inc declear and paid dividert of $120 per shore. Fair value of Jim's Share as of Dec. 31 is $2800. a) Provide Journal Entry for the year 2018 for Jome's LTD with respect to investment in Jim Inc. b) In Feb. 20x9. Jome's LTD sold all of its shares in Jim Inc. for $3.000 less $300 in commission. James LTD does not want any of the holding gain / loss remain in equity. C) Assume Tames LTD. Classified the investment as FVTPL, prepare Journal Entry when investment was purchased in March 20x8 only. d) Once elected, can the company later Change in classification to FV TPL investment