one part added twice sorry, part b is tge question thst needs to be answered spread over 2 pics and the requirements is also included, thanks

fv before changes in stated (the purchase price) all info needed has been added

Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. changes in the fair value of investments in equity instruments through other comprehensive income. By 30th June 2018 (Byron Ltd's annual reporting date) the fair value of the investment in Clare Ltd was determined to be $305.600 based on the current market price of the shares. Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. Part (A) On the 1st August 2017 Adelaide Ltd purchased 3% of the issued ordinary share capital of Byron Ltd for $235,000 in cash. In addition, Adelaide Ltd incurred brokerage costs of $3,055 which it paid on the same date. Adelaide Ltd's management estimated that the cost of the time spent by Adelaide Ltd's employees in evaluating and transacting the purchase was approximately $750, which was paid as part of the normal salary transactions. As a general accounting policy, the management of Adelaide Ltd have, in accordance with AASB 9, taken changes in the fair value of investments in equity instruments through profit or loss. By 31st December 2017 (Adelaide Ltd's half yearly reporting date) the fair value of the investment in Byron Ltd was determined to be $261,500 based on the current market price of the shares. (Part (B) On the 3rd February 2018 Byron Ltd purchased 6.8% of the issued ordinary share capital of Clare Ltd for $323,200 in cash. In addition, Byron Ltd incurred brokerage costs of $4,201 which it paid on the 15th February 2018. Byron Ltd's management estimated that the cost of the time spent by Byron Ltd's employees in evaluating and transacting the purchase was approximately $1,225, which was paid as part of the normal salary transactions of the entity. As a general accounting policy, the management of Byron Ltd have, in accordance with, and subject to the provisions of paragraph 5.7.5 of AASB 9. elected to take Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. changes in the fair value of investments in equity instruments through other comprehensive income. By 30th June 2018 (Byron Ltd's annual reporting date) the fair value of the investment in Clare Ltd was determined to be $305.600 based on the current market price of the shares. Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. Required: Please consider the three independent scenarios provided below. You are required to: 1. Provide the relevant accounting journal entries in the books of the investors to record the investment. 2. Justify each of your journal entries including references to specific paragraphs of relevant accounting standards. Part (A) On the 1st August 2017 Adelaide Ltd purchased 3% of the issued ordinary share capital of Byron Ltd for $235,000 in cash. In addition, Adelaide Ltd incurred brokerage costs of $3,055 which it paid on the same date. Adelaide Ltd's management estimated that the cost of the time spent by Adelaide Ltd's employees in evaluating and transacting the purchase was approximately $750, which was paid as part of the normal salary transactions. As a general accounting policy, the management of Adelaide Ltd have, in accordance with AASB 9, taken changes in the fair value of investments in equity instruments through profit or loss. By 31st December 2017 (Adelaide Ltd's half yearly reporting date) the fair value of the investment in Byron Ltd was determined to be $261,500 based on the current market price of the shares. (Part (B) On the 3rd February 2018 Byron Ltd purchased 6.8% of the issued ordinary share capital of Clare Ltd for $323,200 in cash. In addition, Byron Ltd incurred brokerage costs of $4,201 which it paid on the 15th February 2018. Byron Ltd's management estimated that the cost of the time spent by Byron Ltd's employees in evaluating and transacting the purchase was approximately $1,225, which was paid as part of the normal salary transactions of the entity. As a general accounting policy, the management of Byron Ltd have, in accordance with, and subject to the provisions of paragraph 5.7.5 of AASB 9. elected to take