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 divideends while the fair value per share at end of 2020 was $25 Assuming the investment has not siginificant influence answer following entries

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

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

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

Answer 3 Choose... 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 Choose... If it is investment is classified as non-trading, at end of 2020 the net income of income statement will increase by

Answer 5 Choose... 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 Choose... The balance of equity investment in 2020 statement of financial position is

Answer 7 Choose... 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 Choose... Assuming the investment has significant influence answer following entries The balance of equity investment in 2020 statement of financial position is

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

Answer 10 Choose... 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 Choose... Assuming the investment has significant influence answer following entries As a result of receiving cash dividends the investment will decrase by

Answer 12