Advanced accounting

Ifrs question 13. On January 1, 20X3, Rose Corporation purchased 25% of the outstanding shares of Jasmine Corporation at a cost of $150,000. No purchase price discrepancy/fair value adjustment arose in relation to the purchase. During the next two fiscal years, Jasmine reported net income and dividends as follows: Year Net Income Dividends Fair value of investment In Jasmine at year-end 20X3 $40,000 $30,000 $180,000 20X4 30,000 40,000 160,000 Required What income/gains and losses will Rose report from its investment in Jasmine in its net income from continuing operations and other comprehensive income for 20X3 and 20X4 respectively, and what would the balance be in the Jasmine account at the end of fiscal year 20X4, assuming that the investment is recorded and reported: a. Under the cost method? b. As a FVTPL investment? c. As a FVTOCI investment? d. Under the equity method