Question 13 of 25

Question 13 of 25 View Policies Current Attempt in Progress Western Oil S.A. purchased 1.750 ordinary shares Of Oneida as a held-for-trading investment for RS82,IOO. Oneida had a total Of 450.000 ordinary shares outstanding. During the year. Oneida paid a cash dividend of R$I_IO per share. At year-end. Oneida was selling for RS4630 per share. prepare Western Oil's journal entries to record (a) the purchase Ofthe investment. (b) the dividends received, and (c) the fa ir value adjustment (Assume a zero balance in the Fair Value Adjustment account at the beginning of the periodJ (Credit accounttitfesare autorrwtJcaNy iMented When amount is entered. DO not manually. If entry is quired, select "NO Entry acccwnt titks aM en O for anumts.) Account Titles and Explanation I: eTextb00k and Media List of Accounts Save Later Attempts: unlimited Submit Answer