Question
Questing on FV-OCI and Equity Method as below, i wonder anyone can give example for it? thanks. Grouper Inc. acquired 10% of the outstanding common
Questing on FV-OCI and Equity Method as below, i wonder anyone can give example for it? thanks.
Grouper Inc. acquired 10% of the outstanding common shares of Gregson Inc. on
December 31, 2016. The purchase price was $904,000 for 45,200 shares, and is equal
to 10% of Gregson's carrying amount. Gregson declared and paid a $0.80 per share
cash dividend on June 15 and again on December 15, 2017. Gregson reported net
income of $516,000 for 2017. The fair value of Gregson's shares was $24 per share at
December 31, 2017. Grouper is a public company and applies IFRS.
income of $516,000 for 2017. The fair value of Gregson's shares was $24 per share at
December 31, 2017. Grouper is a public company and applies IFRS.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
