Question $5$ of $5$

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Bramble Inc. purchased $30\%$ of Nadal Corporation's $32,500$ outstanding common shares at a cost of $$15$ per share on January $3,2023.$

The purchase price of $$15$ per share was based solely on the book value of Nadal's net assets. On September $21,$Nadal declared and

paid a cash dividend of $$42,100.$ On December $31,$ Bramble's year end, Nadal reported net income of $$92,000$ for the year. Nadal

shares had a fair value of $$14\mathrm{.}80$ per share at December $31.$ Bramble, a private Canadian corporation, applies ASPE.

$($a$)$

Under the assumption that the $30\%$ holding of Nadal does not give Bramble significant influence over Nadal, identify the possible

accounting methods Bramble could use under ASPE to account for its investment. Prepare all required $2023$ journal entries under

each acceptable method. $($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 $0$ for the amounts. Record entries in the order displayed in the problem

statement. List all debit entries before credit entries. Round answers to $0$ decimal places, e$.$g$.5,275.)$