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Please finish problem C&D, Thanks! Question 2 (Total 20 marks) Fortune Company has the following equity investments with no control o significant influence on December
Please finish problem C&D, Thanks!
Question 2 (Total 20 marks) Fortune Company has the following equity investments with no control o significant influence on December 31, 2020: All of the above securities were purchased in 2020. In 2021, Fortune completed the following investments transactions: The Fortune Company's equity securities appear as follows on December 31, 2021: c. Prepare a table that summarizes the realized gains and losses and the unrealized gains and losses for the equity portfolio at each yearend. (3 marks) d. How do these equity investments affect Fortune's income statement in 2021? (2 marks) Question 2 (Total 20 marks) Fortune Company has the following equity investments with no control o significant influence on December 31, 2020: All of the above securities were purchased in 2020. In 2021, Fortune completed the following investments transactions: The Fortune Company's equity securities appear as follows on December 31, 2021: c. Prepare a table that summarizes the realized gains and losses and the unrealized gains and losses for the equity portfolio at each yearend. (3 marks) d. How do these equity investments affect Fortune's income statement in 2021? (2 marks)Step by Step Solution
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