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Question 6 (10 marks) Floyd inc owns shares of Liston Ltd that are classified as part of Floyd's trading portfolle and accounted for using the
Question 6 (10 marks) Floyd inc owns shares of Liston Ltd that are classified as part of Floyd's trading portfolle and accounted for using the FVNI model. At June 30, 2017, the securities were cated in Floyd's accounting records at their cost of $2.225,000, which equaled theit fair value On November 1,2017, when the securities fair value was $2,850,000, Floyd declared property dividends that will result in Liston's securities being distributed on December 2017 to the shareholders of record on December 1, 2017 15, Instructions Prepare the journal entries for all three dates
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