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Current Attempt in Progress Pronghorn Inc. quired 20% of the outstanding common shares of Gregson Inc. on December 11, 2019. The purchase price $1.133,000 for
Current Attempt in Progress Pronghorn Inc. quired 20% of the outstanding common shares of Gregson Inc. on December 11, 2019. The purchase price $1.133,000 for 51,500 shares, and is equal to 20% of Gregson's carrying amount. Gregson dedated and paid a 30.30 ur shoreca dividend on lune 15 and again on December 15, 2020. Gregson reported net income of $491,000 to 2020. The fair valasel Gregson's shares was $24 per share at December 31, 2020. Pronghorn is a public company and applies IFRS. Question of 7 Ir the entries for Protetor 2019 and 2020, assuming that Prunghormat mise en cause war Gron. The investment is wounted for ning the TV.Ximniekiem ir mind when thentiantunt Dutery geleentry for the entity for the Date Account Tiles and Explanation Cre Question 6 of 7 11 What amount is reported on Pronghorn's statement of comprensive income in 2020 under each the thes, and where are the amounts reported Pronghorning Statement of Comprehensive Income Fair Value Method Equity Method 5 Other comprehensive income Effect on comprehensive income for 2020 Attem of 1 used
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