Question: Take Inc invested 50 000 for its 15 share in

Take Inc. invested $ 50,000 for its 15% share in Give Inc. on January 1, 20X1, by purchasing 10,000 shares of Give Inc. The following table provides pertinent details relating to Give Inc for the next four years. Take Inc. has a December 31 year- end.



Required
Calculate the dividend income and unrealized gains/ losses recognized by Take Inc. in each of the four years, and the carrying value of its investment in Give Inc. Assume that Take Inc. accounts for its investment in Give Inc. as a FVTOCIinvestment.
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  • CreatedMarch 13, 2015
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