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On January 1 , 2 0 x 1 , Elijah purchased 3 , 0 0 0 ordinary shares of Elisha Co . at $ 4
On January x Elijah purchased ordinary shares of Elisha Co at $ Fair value of the shares is $ at the end of x
Present entries for x assuming the investment is classified as FVPL
Present entries for x assuming the investment is classified as FVOCI.
Elijah sold Elishas shares at $ on January x Present entries for the sale of Elishas shares, assuming the investment is classified as FVPL
Elijah sold Elishas shares at $ on January x Present entries for the sale of Elishas shares, assuming the investment is classified as FVOCI.
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