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On March 3 1 of Year 1 , Larch Corp. acquired 1 0 , 0 0 0 shares of Cedar Ltd . for $ 4
On March of Year Larch Corp. acquired shares of Cedar Ltd for $ per share. On June of Year Larch Corp. received a dividend of $ per share. Larch Corp. accounts for receipt of dividends separately from other investment income. On December of Year the shares were available on the stock market for $ On April of Year Larch Corp. sold the shares for $ per share. Larch Corp. follows IFRS and uses the FVNI model for this investment.
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Prepare all the journal entries related to the investment from acquisition to saleOn March of Year Larch Corp. acquired shares of Cedar Ltd for $ per share. On June of Year Larch Corp. received a dividend of $ per share. Larch Corp. accounts for receipt of dividends separately from other investment income. On December of Year the shares were available on the stock market for $ On April of Year Larch Corp. sold the shares for $ per share. Larch Corp. follows IFRS and uses the FVNI model for this investment.
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Prepare all the journal entries related to the investment from acquisition to sale
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