Question 2 of 4

Question 2 of 4 View Policies Current Attempt in Progress The following are two independent situations: Riverbed Inc. received dividends from its common share investments during the year ended December 31, 2020, as follows: A cash dividend of $ 15,700 is received from Peel Corporation. Riverbed owns a 7% interest in Peel. A cash dividend of $ 71,200 is received from Vonna Corporation. Riverbed owns a 25% interest in Vonna and a majority of Riverbed's directors are also directors of Vonna Corporation. A cash dividend of $ 88,800 is received from Express Inc., a subsidiary of Riverbed. Determine how much dividend income Riverbed should report on its 2020 consolidated statement of comprehensive income. Dividend income to be reported by Riverbed Inc. eTextbook and Media On April 11, 2020, Concord Corp. purchased as a long-term investment (accounted for using FV-OCI without recycling) 4,200 common shares of Roddy Ltd. for $ 90 per share, which represents a 2% interest. On December 31, 2020, the shares' market price was $ 95 per share. On March 3, 2021, Concord sold all 4,200 shares of Roddy for $ 111 per share. Assume that all companies follow IFRS. Determine the amount of the gain or loss on disposal that should be included in Concord's net income in 2021 and in its other comprehensive income. The investment in Roddy Ltd. was Concord Corp.'s only investment. v on disposal of Investment Other Comprehensive eTextbook and Media Prepare the journal entries for situation 2 for 2021. (Credit account titles are automatically indented when the amount is entered. DO not indent manually. If no entry is required, select "NO Entry" for the account titles and enter O for the amounts) Account Titles and Explanation (To adjust to fair value at date of disposal) (To record disposal) (To reclassify holding gain) eTextbook and Media Debit Credit