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please answer all the questions Losses and gains on the sale of instruments are reported on O a. the balance sheet with short-term investments. O
please answer all the questions
Losses and gains on the sale of instruments are reported on O a. the balance sheet with short-term investments. O b. the balance sheet with long-term investments. Oc the income statement under other revenue and expenses. Od the income statement under current operations. Trubber Ltd, purchased 1,000 common shares of Jack Co. on September 1 for $13 per share. At December 31, Trubber's year end, Jack's shares are selling for $16 and Jack reported net income of $120,000. Assuming Trubber accounts for the investment using FVTPL, the adjust to the investment account at year end would be . debit to FVTPL Investments - JackCo. for $1,000. b. debit to FVTPL Investments - Jack Co. for $3,000. Occredit to FVTPL Investments - Jack Co. for $1,000, Od credit to FVTPL Investments - Jack Co. for $3,000, Intercompany comparisons are useful for understanding a company's O a competitive position. O b. ability to repay debt. Oc changes in financial relationships. Od short-term goals Step by Step Solution
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