| Revenues should be recorded in Window as a result of their investment in Door for 2020 | | Answer 1Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| IF it is investment is classified as trading, at end of 2020 the other comprehensive income will increase by | | Answer 2Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| If it is investment is classified as non-trading, at end of 2020 the other comprehensive income will increase by | | Answer 3Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| 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 4Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| If it is investment is classified as non-trading, at end of 2020 the net income of income statement will increase by | | Answer 5Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| 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 6Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| The balance of equity investment in 2020 statement of financial position is | | Answer 7Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| 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 8Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| Assuming the investment has significant influence answer following entries | | The balance of equity investment in 2020 statement of financial position is | | Answer 9Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| Assuming the investment has significant influence answer following entries | | Unrealized Gain or loss should be recorded in 2020 is | | Answer 10Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| 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 11Choose...$500,000$20,000$6,000$2,000$404,000$100,000$0$16,000 |
| Assuming the investment has significant influence answer following entries | | As a result of receiving cash dividends the investment will decrase by | |
this is the options
