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Lawn Ltd . acquired 4 0 % of the common shares of Lecce Ltd . on January 1 , 2 0 2 4 , by
Lawn Ltd acquired of the common shares of Lecce Ltd on January by paying $ million for shares. Lecce declared a cash dividend of $ per share in each quarter that Lawn received on March June September and December Lecce reported net income of $ million for the year. At December the market price of the Lecce shares was $ per share. a For parts ab and c calculate the ending balance in each account on the statement of financial position and the statement of income affected by this investment. You may omit the Cash account. If an amount reduces the account balance then enter with negative sign preceding the number eg or parentheses eg Equity Method FVTPL Cos Statement of Financial Position: Longterm Investments Unrealized Gain on Longterm Investments Statement of Income: Unrealized Gain on Longterm Investments Question of vdots,vdots For parts ab and c calculate the ending balance in each account on the statement of financial position and the statement of income affected by this investment. You may omit the Cash account. If an amount reduces the account balance then enter with negative sign preceding the number eg or parentheses e nancial Position: Equity Method FVTPL Cost Model $ $ $ come: ssociates $ $ $ n on Longterm Investments
Lawn Ltd acquired of the common shares of Lecce Ltd on January by paying $ million for shares. Lecce declared a cash dividend of $ per share in each quarter that Lawn received on March June September and December Lecce reported net income of $ million for the year. At December the market price of the Lecce shares was $ per share.
a
For parts ab and c calculate the ending balance in each account on the statement of financial position and the statement of income affected by this investment. You may omit the Cash account. If an amount reduces the account balance then enter with negative sign preceding the number eg or parentheses eg
Equity Method
FVTPL
Cos
Statement of Financial Position:
Longterm Investments
Unrealized Gain on Longterm Investments
Statement of Income:
Unrealized Gain on Longterm Investments
Question of
vdots,vdots
For parts ab and c calculate the ending balance in each account on the statement of financial position and the statement of income affected by this investment. You may omit the Cash account. If an amount reduces the account balance then enter with negative sign preceding the number eg or parentheses e
nancial Position:
Equity Method
FVTPL
Cost Model
$
$
$
come:
ssociates
$
$
$
n on Longterm Investments
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