Question:David Inc accounted under IFRS NO 9 and purchased the following investments during December 2021 ...

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David Inc accounted under IFRS NO 9 and purchased the following investments during December 2021

1) One hundred and seventy Steven's $1000 bonds. The bonds pay semiannual interest, return the principal in 12 years, and include no other cash flows or other features. David plans to hold 50 of the bonds to collect contractual cash flows over the life of the investment and hold and hold 120 bonds to collect contractual cash flows and sell them if their price appreciates sufficiently Subseequnt to David's purchase of the bonds. Still, before December 31, the bonds' fair value increased to $1030 per bond, and David sold 50 of the 120 bonds; David also sold 15 of the 50 bonds it had planned to hold to collect contractual cash flows over the life to the investment. The fair value of the bond remainders $1030 as of December.

2) $26 200 Thomas company commons stock, David does not have the ability to significantly influence Thomas's operation. David elected to account for equity investment at fair value through OCI(FVOCI). After David purchased the sock, the fair value of the stock, the fair value of the stock investment increased to $32400 as of December

1) how David accounted for its investments when it acquired the Stevenson bonds and Thomas stock For each of the following categories of David's investment, Calculate the effect of realized and unrealized gains and losses on David's net Income, other compensation income, and comprehensive income for the year ended December 312021

A) Any Stevens bonds accounted for at amortization cost that was purchased and held at the end of the year-end

B) Any Stevens bonds accounted for at an amortized cost that was purchased and sold

C) Aney Steven's bonds accounted for at FVOCI that were purchased and held at the end of the year

D) Any Steven's bonds accounted for FVOCI purchased and sole and E) the Thomas Stock. Ignore interest revenue and taxes.

Complete the below questions by entering the answers in the table

1 2A 2B2C 2D 2E

Indicate how David would account for its investments when it acquired the Steven bond

The Steven Company 50 bonds held fo collect contractual cash flow ________

The Steven company 120 bonds held for trading purposes The Thomas stock. Ignore interest revenue and taxes. 31, 202131, 2021