Question
Alvira Corporation pays $30,000 for 500 common shares (or 1% of the common shares) of Frenette Company. During the year Frenette reports net income of
Alvira Corporation pays $30,000 for 500 common shares (or 1% of the common shares) of Frenette Company. During the year Frenette reports net income of $100,000 and pays cash dividends of $2,000 to Alvira. The fair value at year-end was $62 per share. The investment account balance (on the balance sheet) at year end under the fair value through profit or loss method is:
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Management Accounting For Business Decisions
Authors: Colin Drury
2nd Edition
1861527705, 978-1861527707
