FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data on Springfield Co's investments classified as fair value through profit and loss (FVTPL) as at December 31, 20x3 are as follows: Original Cost $165249

image text in transcribed
Data on Springfield Co's investments classified as fair value through profit and loss (FVTPL) as at December 31, 20x3 are as follows: Original Cost $165249 Fair value at... December 31, 20x2 108920 December 31, 20x3 156106 What amount should the company report as a gain on FVTPL investments in its 20x3 income statement? Select one: a $47186 b. $56329 C. $66329 d. $62186 Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Logistics Audit Methods Organization And Practice

The Logistics Audit Methods Organization And Practice

Authors: Piotr Buła, Bartosz Niedzielski

1st Edition

1032461268, 978-1032461267

More Books

Students also viewed these Accounting questions

Question

★★★★★
An initially empty cylinder is filled with air from 20oC, 100 kPa until it is full. Assuming no heat transfer is the final temperature larger, equal to or smaller than 20oC? Does the final T depend...

Answered: 1 week ago

Question

★★★★★
Describe the positive and negative views of the economics of advertising.

Answered: 1 week ago

Question

★★★★★
=+26.30. 26.25 1 The theory of Fourier series can be carried over from [0,2] to the unit circle in the complex plane with normalized circular Lebesgue measure P. The circular functions efm* become...

Answered: 1 week ago

Question

★★★★★
Competition for a new generation of computers is so intense that Micro Tech has funded three separate design teams to create the new systems. Due to varying capabilities of the team members, it is...

Answered: 1 week ago

Question

★★★★★
5. EFN.[LO2] The most recent financial statements for Assouad, Inc., are shown here: Current assets Fixed assets Income Statement Sales $7.900 Costs 5.500 Taxable income $2.400 Taxes (34%). 816 Net...

Answered: 1 week ago

Question

★★★★★
The implementation of CRM has four basic steps. "Develop and Execute the Best Processes " represents A . Step 1 C . Step 3 ( B ) Step 2 D . Step 4 When the customers are classified in to segments by...

Answered: 1 week ago

Question

★★★★★
Q1 Porter? Mintzberg? Synthesis? Analysis? Managing employee behavior so stratgegy can be successfully implemented?

Answered: 1 week ago

Question

★★★★★
Explain how risk financing as the final step in the process of risk management affects the activities prioritized by the divisional risk champions ( 2 0 ) marks

Answered: 1 week ago

Question

★★★★★
What missteps do you think Volkswagen s management team made in handling the scandal when the cheating was discovered?

Answered: 1 week ago

Question

★★★★★
totaling 10 marks. Question 31 2 Points CASE: Noora is against smoking. She has seen how this bad habit can negatively affect health. Noora's father was a smoker, and he died a few years ago because...

Answered: 1 week ago

Question

★★★★★
1 8 . 2 . in surveting What are the steps required to provide a vertical location layout for ( a ) a one - story building or ( b ) a multistory building? List the steps in point form

Answered: 1 week ago

Question

★★★★★
Explain the importance of competitive labor market and product market forces in compensation decisions. page 470

Answered: 1 week ago

Question

★★★★★
Describe the fundamental pay programs for recognizing employees contributions to the organizations success. page 503

Answered: 1 week ago

Question

★★★★★
Specify the relationship between job satisfaction and various forms of job withdrawal, and identify the major sources of job satisfaction in work contexts. page 437

Answered: 1 week ago

Previous Question Next Question