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Question 3 (6 points) On March 01, 2019 Oz Corporation purchased 9,000 common shares of Munchkin Ltd at $21 per share plus $2,450 commission. On
Question 3 (6 points) On March 01, 2019 Oz Corporation purchased 9,000 common shares of Munchkin Ltd at $21 per share plus $2,450 commission. On October 15, 2019 Oz Corporation received a $2.05 per share cash dividend from Munchkin Ltd. On December 31, 2019, Oz Corporation's year end, the fair value of Munchkin Ltd. shares is $22.75 per share. Required: Give the entries in the accounts of Oz Corporation for each transaction assuming the investment is accounted for using FVTPL. (6 marks)
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