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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 on June shey sold all shares for $ 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 on June shey sold all shares for $
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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