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Problem 12-2A During 2018, Dynatech Financial Corporation had the following held for trading investment transactions: Feb. 1 Purchased 560 CBF common shares for $35,280. Mar.

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Problem 12-2A During 2018, Dynatech Financial Corporation had the following held for trading investment transactions: Feb. 1 Purchased 560 CBF common shares for $35,280. Mar. 1 Purchased 750 RSD common shares for $21,750. Apr. 1 Purchased 7% MRT bonds at face value, for $56,000. Interest is received semi-annually on April 1 and October 1. Received a cash dividend of $3 per share on the CBF common shares. July 1 Aug. 1 Sept. 1 Oct. 1 Sold 180 CBF common shares at $62 per share. Received a cash dividend of $1.60 per share on the RSD common shares. Received the semi-annual interest on the MRT bonds. Sold the MRT bonds for $57,900. Dec. 31 The market prices of the CBF and RSD common shares were $59 and $30 per share, respectively. 1/ Record the above transactions, including any required adjusting entries, using the fair value through profit or loss model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record entries in the order presented in the question. Round answers to o decimal places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 2/ Show how the investments would be presented on the statement of financial position at December 31, 2018. 3/ Determine the balance in each of the income statement accounts that are affected in the transactions above and indicate how they would be presented on the income statement for the year ended December 31, 2018. (Round answers to o decimal places, e.g. 5,250. Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

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