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Sweet Acacia Ltd. has 649,600 common shares authorized and 203,200 shares issued on December 31,2020 . On January 2, 2021, Metlock Inc., which reports under
Sweet Acacia Ltd. has 649,600 common shares authorized and 203,200 shares issued on December 31,2020 . On January 2, 2021, Metlock Inc., which reports under IFRS, purchased shares of Sweet Acacia for $25 per share on the stock market from another investor. Metlock intends to hold these shares as a long-term investment and initially categorizes it as FVTOCI. Metlock's accountant prepared a trial balance as at December 31, 2021, under the assumption that the investment is valued at FVTOCI. Under this assumption, the trial balance included the following accounts and amounts related to the Sweet Acacia investment: (a) How many shares of Sweet Acacia did Metlock purchase on January 2? (Hint: Subtract the OCI-Holding Gain or Loss from the investment account.) Metlock purchased shares
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