Thx As part of a global expansion and to ensure continuity of its supply chain, SWB Holdings Ltd acquired 100 000 shares in JA Industries Co Ltd for $54 per share Over the following four years the closing share price of JS Industries on SWB Holdings balance date was 30 June 2020 30 June 2021 30 June 2022 1 June 2022 $65 $48 $39 $56 Required 1 Prepare the required general journal entries for the period 1 July 2019 to 30 June 2022 assuming SWB Holdings Ltd accounts for the shareholding using fair value through Profit Loss 2 Prepare the required general journal entries for the period 1 July 2019 to 30 June 2022 assuming SWB Holdings Ltd accounts for the shareholding using fair value through Other Comprehensive Income 3 Prepare a schedule showing the impact on profit for each of the accounting periods for the journals prepared in part a) and b) 4 Drawing on the appropriate accounting standard, explain the reason SWB Holdings would use either method shown in part a) and b)

Question

Thx  As part of a global expansion and to ensure continuity of its supply chain, SWB Holdings Ltd acquired 100 000 shares in JA Industries Co  Ltd for $54 per share  Over the following four years the closing share price of JS Industries on SWB Holdings balance date was  30 June 2020 30 June 2021 30 June 2022 1 June 2022 $65 $48 $39 $56 Required  1  Prepare the required general journal entries for the period 1 July 2019 to 30 June 2022 assuming SWB Holdings Ltd accounts for the shareholding using fair value through Profit   Loss  2  Prepare the required general journal entries for the period 1 July 2019 to 30 June 2022 assuming SWB Holdings Ltd accounts for the shareholding using fair value through Other Comprehensive Income  3  Prepare a schedule showing the impact on profit for each of the accounting periods for the journals prepared in part a) and b) 4  Drawing on the appropriate accounting standard, explain the reason SWB Holdings would use either method shown in part a) and b)

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Thx! As part of a global expansion and to ensure continuity of its supply chain, SWB Holdings Ltd acquired 100 000 shares in JA Industries

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