This investment had been purchased in 20X1 at a cost of $ 21 per share. At the

Question:

This investment had been purchased in 20X1 at a cost of $ 21 per share. At the end of 20X1, the fair value was $ 26 per share. At the end of 20X2, the fair value was $ 29 per share. The investment was sold in 20X3 at $ 33 per share. There were no dividends in any year. The investment is classified as a FVTPL investment. What would be included in other comprehensive income on the SCI, the holding gain reserve on the SFP (cumulative), and earnings in each of 20X1, 20X2, and 20X3?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

Question Posted: