Can you check my previous answer and fill the last one.
Bridgeport Inc. acquired 15% of the outstanding common shares of Gregson Inc. on December 31, 2019. The purchase price was $970,200 for 46,200 shares, and is equal to 15% of Gregson's carrying amount. Gregson declared and paid a $0.75 per share cash dividend on June 15 and again on December 15, 2020. Gregson reported net income of $518,000 for 2020. The fair value of Gregson's shares was $23 per share at December 31, 2020. Bridgeport is a public company and applies IFRS. Prepare the journal entries for Bridgeport for 2019 and 2020, assuming that Bridgeport cannot exercise significant influence over Gregson. The investment is accounted for using the FV-OCI model. (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 :c. 31, 2019 4 FV-OCI Investments 970200 Cash 970200 n. 15, 2020 4 Cash 34650 Dividend Revenue 34650 :c. 15, 2020 4 Cash 34650 Dividend Revenue 34650 :c. 31, 2020 4 FV-OCI Investments 92400 Unrealized Gain or Loss - OCI 92400Prepare the journal entries for Bridgeport for 2019 and 2020, assuming that Bridgeport can exercise significant influence over Gregson. (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 :. 31, 2019 4 Investment in Associate 970200 Cash 970200 15, 2020 Cash 34650 Investment in Associate 34650 :. 15, 2020 4 Cash 34650 Investment in Associate 34650 :. 31, 2020 4 Investment in Associate 77700 Investment Income or Loss 77700 (To record investment income)What amount is reported for the investment in Gregson shares on the December 31, 2020 statement of nancial position under each of these methods in Fair Value Method and Equity Method? Fair Value Method Equity Method Investment $ 1062600 $ 978600 eTextbook and Media List of Accounts Where is the investment reported on statement of nancial position? The Investment accounts under both Fair Value Method and Equity Method are likely to be included in non-current assets . What amount is reported on Bridgeport's statement of comprehensive income in 2020 under each of these methods, and where are the amounts reported? Bridgeport Inc. Statement of Comprehensive Income For the Year Ended December 31,2020 $ Fair Value Method Equity Method Dividend Revenue $ $ $ Investment Income 3 Included in Net Income 55 $ Other comprehensive income: Unrealized Gain on FVOCI Investment During the Year 7 Effect on comprehensive income for 2020 $ $
