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On January 25, 2017, Company A purchased 1,000 common shares of Company B for 65 each. During the remainder of 2017, Company A received
On January 25, 2017, Company A purchased 1,000 common shares of Company B for 65 each. During the remainder of 2017, Company A received 2.80/share in dividends. The closing price of the shares on the fiscal year-end date of December 31, 2017, wa 69. Assume that Company A classified the investment as FVOCI. How much OCI should the company report in relation to these shares? A 2,800 B 0 C 4,000 6,800
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
