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On 29 April 2024 Mini Ltd buys shares in Mouse Ltd for $2 000. Mini Ltd does not intend to trade in Mouse shares and
On 29 April 2024 Mini Ltd buys shares in Mouse Ltd for $2 000. Mini Ltd does not intend to trade in Mouse shares and has not made the election to account for its equity investments at fair value through 'other comprehensive income'. Initial direct transaction costs are $40. At year end, the shares have a fair value of $ 1 800. Required: Provide the journal entries for the year ended 30 June 2024
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
5th Canadian edition
1259269868, 978-1259269868
