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Choose the options and filling the specific number The firm recorded the following transactions in connection with equity investments: 8000 units of shares were bought

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The firm recorded the following transactions in connection with equity investments: 8000 units of shares were bought (face value: 1100 ) at a purchase price of 190 %. The current market price is 200 %. The firm recognized them as FVTOCI. This package represents a 10% ownership in the issuer company. The firm receives a 12% dividend from the issuer. Half of the shares were sold at a selling price of 205%. At the end- of-year valuation, the fair value is 215%. Required: Record the above transactions. ENTRY 1 Purchase: Dr ENTRY 2 Dividend: Dr . ENTRY 3 Sell: Dr ENTRY 4 Fair value: Dr Fin. Receivable Fin. Liablity Bank Cash FVTOCI inst. FVTPL inst. Fin. Revenue Fin. Expense

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