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BB Company has investment in shares of MALL Company which are deemed to be non-trading (i.e., they are not held for trading purposes). The details

BB Company has investment in shares of MALL Company which are deemed to be non-trading (i.e., they are not held for trading purposes).

The details of the shares are as follows:

Amount: 20,000 Ordinary Shares

Purchase Price: $60 each

Purchase Date: I January 2020

On December 31 2020, the shares are valued at $70 each.

The shares pay a dividend of $7.00 per share

WHAT IS THE IMPACT ON BB company' 2020 COMPREHENSIVE INCOME OF ITS PURCHASE OF SHARES IN MALL?

Select one:

a. Comprehensive Income is $360,000 higher

b. Comprehensive Income is $320,000 higher

c. Comprehensive Income is $300,000 higher

d. Comprehensive Income is $340,000 higher

e. None of these answers

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