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This all subheadings from the same question. Please provide answers. Thanks! Question 1 of 8 > - / 18 III View Policies Current Attempt in

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This all subheadings from the same question. Please provide answers. Thanks!

Question 1 of 8 > - / 18 III View Policies Current Attempt in Progress Marigold Corporation made the following purchases of investments during 2020, the first year in which Marigold invested in equity securities: 1. 2. On January 15, purchased 8,190 shares of Nirmala Corp's common shares at $30.50 per share plus commission of $1,803. On April 1, purchased 4,550 shares of Oxana Corps common shares at $47 per share plus commission of $3,067. On September 10, purchased 6,370 shares of WTA Corps preferred shares at $24.10 per share plus commission of $2,648. 3. On May 20, 2020, Marigold sold 2,730 of the Nirmala common shares at a market price of $32 per share less brokerage commissions of $2,594. The year-end fair values per share were as follows: Nirmala $27, Oxana $50, and WTA $25. The chief accountant of Marigold tells you that Marigold Corporation holds these investments with the intention of selling them in order to earn short-term profits from appreciation in their prices and accounts for them using the FV-NI model. Assume that Marigold Corporation follows IFRS 9. Prepare the journal entries to record the three investments. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 15 FV-NI Investments Investment Income or Loss Cash Apr. 1 FV-NI Investments Investment Income or Loss Cash Sep. 10 FV-NI Investments Investment Income or Loss Cash eTextbook and Media Prepare the journal entry for the sale of the 2,730 Nirmala shares on May 20. (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 for the amounts.) Date Account Titles and Explanation Debit Credit May 20 Cash FV-NI Investments Gain on Disposal of Investments - FV-NI eTextbook and Media List of Accounts Prepare the adjusting entry needed on December 31, 2020. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Investment Income or Loss 6644 FV-NI Investments 6444 eTextbook and Media List of Accounts Repeat the parts above, assuming the investments are accounted for using FV-OCI with no recycling. Marigold's policy is to capitalize transaction costs on the acquisition of FV-OCl investments and reduce the proceeds on disposal. In addition, the company reclassifies any gains or losses on disposition to Retained Earnings. (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 for the amounts.) Date Account Titles and Explanation Debit Credit (a) los Year end fair value adjustment for portfolio > Total - / 18 III View Policies Current Attempt in Progress Marigold Corporation made the following purchases of investments during 2020, the first year in which Marigold invested in equity securities: 1. 2. On January 15, purchased 8,190 shares of Nirmala Corp's common shares at $30.50 per share plus commission of $1,803. On April 1, purchased 4,550 shares of Oxana Corps common shares at $47 per share plus commission of $3,067. On September 10, purchased 6,370 shares of WTA Corps preferred shares at $24.10 per share plus commission of $2,648. 3. On May 20, 2020, Marigold sold 2,730 of the Nirmala common shares at a market price of $32 per share less brokerage commissions of $2,594. The year-end fair values per share were as follows: Nirmala $27, Oxana $50, and WTA $25. The chief accountant of Marigold tells you that Marigold Corporation holds these investments with the intention of selling them in order to earn short-term profits from appreciation in their prices and accounts for them using the FV-NI model. Assume that Marigold Corporation follows IFRS 9. Prepare the journal entries to record the three investments. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 15 FV-NI Investments Investment Income or Loss Cash Apr. 1 FV-NI Investments Investment Income or Loss Cash Sep. 10 FV-NI Investments Investment Income or Loss Cash eTextbook and Media Prepare the journal entry for the sale of the 2,730 Nirmala shares on May 20. (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 for the amounts.) Date Account Titles and Explanation Debit Credit May 20 Cash FV-NI Investments Gain on Disposal of Investments - FV-NI eTextbook and Media List of Accounts Prepare the adjusting entry needed on December 31, 2020. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Investment Income or Loss 6644 FV-NI Investments 6444 eTextbook and Media List of Accounts Repeat the parts above, assuming the investments are accounted for using FV-OCI with no recycling. Marigold's policy is to capitalize transaction costs on the acquisition of FV-OCl investments and reduce the proceeds on disposal. In addition, the company reclassifies any gains or losses on disposition to Retained Earnings. (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 for the amounts.) Date Account Titles and Explanation Debit Credit (a) los Year end fair value adjustment for portfolio > Total

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