Window Company invested in 20000 ordinary shares of Door Company at price of $20 per share which represent of 20%
During 2020 Door company reported $30000 net income and paid $10000 cash dividends while the fair value per share at end of 2020 was $25
Assuming the investment has not significant influence answer following entries

Revenues should be recorded in Window as a result of their investment in Door for 2020

Answer 1
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IF it is investment is classified as trading, at end of 2020 the other comprehensive income will increase by

Answer 2
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If it is investment is classified as non-trading, at end of 2020 the other comprehensive income will increase by

Answer 3
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IF it is investment is classified as trading, at end of 2020, as result of increase in fair value of investment the net income of income statement will increase by

Answer 4
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If it is investment is classified as non-trading, at end of 2020 the net income of income statement will increase by

Answer 5
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If it is investment is classified as non-trading, and Fair value of investment in Dec.31,2021 was $480000, the unrealized gain /Loss account should be journalized by

Answer 6
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The balance of equity investment in 2020 statement of financial position is

Answer 7
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Assuming the investment has siginificant influence answer following entries
Revenues should be recorded in Window as a result of their investment in Door for 2020

Answer 8
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Assuming the investment has significant influence answer following entries
The balance of equity investment in 2020 statement of financial position is

Answer 9
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Assuming the investment has significant influence answer following entries
Unrealized Gain or loss should be recorded in 2020 is

Answer 10
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Assuming the investment has significant influence answer following entries
IF investment was sold by $420000 on Jan. 1, 2021 the gain or loss from selling investment is

Answer 11
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Assuming the investment has significant influence answer following entries
As a result of receiving cash dividends the investment will decrase by

Answer 12
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