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ABC Corp has excess cash to invest and wants to buy shares of XYZ int to profit from the changes in their value. The company
ABC Corp has excess cash to invest and wants to buy shares of XYZ int to profit from the changes in their value. The company follows IFRS and will account for its investment in XYZ Inc using the FV-Nl method and has a December 31 year end. The share price of XYZ Inc was $56.52 on March 1 $66.52 on September 15, and $61.50 on December 31 ABC Corp purchased 51.970 shares of XYZ inc on March 1 and sold 33,091 of them on September 15. le still owned the remaining shares on December 31. The company paid a per-share commission fee of 197% of the share price on the day of buying or selling the shares Assuming the company record all investment income, gains, fees, and losses in one account, how much net investment income or loss was recorded during the year on its investment in the shares of XYZ Ince a 5138281 b5131535 O $145,026 Od: $141653 D5134.900 ABC Corp has excess cash to invest and wants to buy shares of XYZ int to profit from the changes in their value. The company follows IFRS and will account for its investment in XYZ Inc using the FV-Nl method and has a December 31 year end. The share price of XYZ Inc was $56.52 on March 1 $66.52 on September 15, and $61.50 on December 31 ABC Corp purchased 51.970 shares of XYZ inc on March 1 and sold 33,091 of them on September 15. le still owned the remaining shares on December 31. The company paid a per-share commission fee of 197% of the share price on the day of buying or selling the shares Assuming the company record all investment income, gains, fees, and losses in one account, how much net investment income or loss was recorded during the year on its investment in the shares of XYZ Ince a 5138281 b5131535 O $145,026 Od: $141653 D5134.900
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