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CAN SOMEONE HELP? At December 31, 2017, the equity investments of Bramble Inc. that were accounted for using the FV-OCI model without recycling (application of

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At December 31, 2017, the equity investments of Bramble Inc. that were accounted for using the FV-OCI model without recycling (application of IFRS 9) were as follows: Cost and Carrying Unrealized Investment Amount Fair Value Gain (Loss) Ahn Inc. $210,200 $180,000 $(30,200) Burnham Corp. 145,800 168,700 22,900 Chi Ltd. 87,600 90,600 3,000 Total $443,600 $439,300 $(4,300) Because of a change in relationship with Ahn Inc., Bramble Inc. sold its investment in Ahn for $184,000 on January 20, 2018. No other investments were acquired or sold during 2018; however, a dividend of $1,600 was received from Burnham Corp. in June. At December 31, 2018, the fair values of Burnham and Chi shares were $184,500 and $87,100, respectively. (a) Your answer is correct. Prepare the entry to adjust the portfolio of investments to fair value at December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 Unrealized Gain or Loss - OCI 4300 FV-OCI Investments 4300Prepare the presentation of all investment-related accounts on the statement of financial position at December 31, 2017. Bramble Inc. Statement of Financial Position V $ v

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