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Arantxa Corporation made the following purchases of investments during 2 0 2 3 , the first year in which Arantxa invested in equity securities: 1
Arantxa Corporation made the following purchases of investments during the first year in which Arantxa invested in equity securities: On January it purchased shares of Nirmala Corp.s common shares at $ per share plus commission of $ On April it purchased shares of Oxana Corp.s common shares at $ per share plus commission of $ On September it purchased shares of WTA Corp.s preferred shares at $ per share plus commission of $ On May Arantxa sold of the Nirmala common shares at a market price of $ per share less brokerage commissions of $ The yearend fair values per share were as follows: Nirmala $ Oxana $ and WTA $ The chief accountant of Arantxa tells you that Arantxa holds these investments with the intention of selling them to earn shortterm profits from appreciation in their prices and accounts for them using the FVNI model. Arantxa follows IFRS.What amount will be reported as other comprehensive income for the year ended December Show the wording that would appear on the comprehensive income statement. If an amount reduces the account balance then enter with negative sign.
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