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PROBLEM III - FVTPL and FVTOCI Investments ( 2 5 Points ) : The following is the stock investment transactions and information of XYZ Company
PROBLEM III FVTPL and FVTOCI Investments Points:
The following is the stock investment transactions and information of XYZ Company in Eleven.
X: XYZ Company purchases shares of Eleven Company at a price of $ per share, with an additional commission fee of $
X: The closing price of Eleven Company's stock is $
: A cash dividend of $ per share is received, and a stock dividend of is distributed.
: The closing price of Eleven Company's stock is $
: All shares are sold at $ per share commission fee deducted
Required:
a If XYZ Company classifies this investment as Fair Value through Profit or Loss FVTPL please make all journal entries for Company from to
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