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Investco is a trading firm and has Dec 3 1 as its annual closing date.on oct 1 7 th of 2 0 1 9 ,
Investco is a trading firm and has Dec as its annual closing date.on oct th of it had purchased shares at $ each.the share value on dec was $due to covid and lockdown,the share value on dec was further down to $markets recovered a little in and the price as of dec was $markets further recovered and by end of the price was $he sold the entire quantity in march at $ please provide the necessary journal entries to record the purchase,changes in investment and sale of their investment,assuming this investment was categorized as FVTPL
Investco is a trading firm and has Dec as its annual closing date.on oct th of it had purchased shares at $ each.the share value on dec was $due to covid and lockdown,the share value on dec was further down to $markets recovered a little in and the price as of dec was $markets further recovered and by end of the price was $he sold the entire quantity in march at $
please provide the necessary journal entries to record the purchase,changes in investment and sale of their investment,assuming this investment was categorized as FVTPL
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