De Boer Inc. acquired $25\%$ of the outstanding common shares of Eddington Inc. $($Eddington$)$ on December $31,2023.$ The purchase price was $$1,252,500$ for $61,500$ shares and is equal to $25\%$ of Eddington's carrying amount. Eddington declared and paid a $$1\mathrm{.}05$ per share cash dividend on June $15$ and again on December $15,2024.$ Eddington reported net income of $$536,250$ for $2024.$ The fair value of Eddington's shares was $$20\mathrm{.}45$ per share at December $31,2024.$ De Boer Inc. is a public company and applies IFRS.

Instructions

A$.$ Prepare the journal entries for De Boer Inc. for $2023$ and $2024,$ assuming that De Boer Inc. CANNOT exercise significant influence over Eddington. The investment is accounted for using the FV$-$OCI model.

B$.$ Prepare the journal entries for De Boer Inc. for $2023$ and $2024,$ assuming that De Boer Inc. CAN exercise significant influence over Eddington.