Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Refer to IFRS 9. Answer with explanation Wizard Zing Company acquired 40,000 Tribal shares at $100 per share as of January 1st 2021. Investment in

Refer to IFRS 9. Answer with explanation Wizard Zing Company acquired 40,000 Tribal shares at $100 per share as of January 1st 2021. Investment in equal value calculation by other broad income. Brokerage premium of $120,000. On 15 December 2020, a dividend of $5 was announced for each share of Tribal to be paid on 31 March 2021 to registered shareholders on 31 January, 2021. There were no other transactions in 2021 involving Tribal investment. What is the original investment measurement? Nicheracy Company bought 100,000 common shares of Missfeat Company for the durable investment of $40 per share on January 1st, 2021. The Missfeat share market was $35 on December 31, 2021, due to a temporary decrease in interest. Nicheracy sold 80,000 shares to Missfeat Company in exchange for $30 per share on December 28, 2022. What should loss on disposal of long-term investments be announced for the year ended 31 December 2022? On 15th February 2021 SV Gold Company acquired 10,000 shares, 2 percent owned by Werest Company. On the 31 March 2021, when the carrying volume per action was $350 per share in the books of Werest and its market valuation per share, SV Gold issued an equity dividend of $2,000 shares. On September 15, 2021 Werest paying out a $15 cash dividend per share. How much does SV Gold declare as dividend revenue in the revenues statement for the year ended October 31, 2021? Dx.hale Company is the owner of 20,000 shares of GeekPlus Company of $100 par, 6% of combined non-participating preferential share capital and 10,000 shareholdings of 2% of the ordinary equity of GeekPlus.. GeekPlus announced and paid $2,400,000 in preferential dividends in 2021.. There were no distributions announced or charged in 2020. In addition, when the quoted market value of GeekPlus' ordinary stock share was $10, Dx.hale obtained a five percent stock dividend from GeekPlus. In its revenue statement for 2021 what amount does Dx.hale announce as dividend earnings? The CoolFocus company stock dividend for $4,000 on July 31, 2021 is $20 because CoolFocus' share market price is $21. CoolFocus' equity capital is owned by less than 1 percent of the day. A $150,000 cash dividend from Well Glitz, which is kept on Day by 25 percent. The rest of Well Glitz's managers are Day managers as well. What does Day report on dividends income in the declaration of income of 2021?Halo Solar Company provided the following data for 2021: On September 1, Halo Solar received a $500,000 cash dividend from Cose Company in which Halo Solar owns a 30% interest. On October 1, Halo Solar received a $60,000 liquidating dividend from King Company, Halo Solar owns a 5% interest in King. Halo Solar owns a 2% interest in Bow Company, which declared a $2,000,000 cash dividend on November 15, 2021 payable on January 15, 2022. What amount should Halo Solar report as dividend income for 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting

Authors: James A Heintz, Robert W Parry

20th Edition

538745215, 978-1111624743

More Books

Students also viewed these Accounting questions

Question

3. An initial value (anchoring).

Answered: 1 week ago

Question

4. Similarity (representativeness).

Answered: 1 week ago