Question: London Ltd . reported the following transactions and information regarding the shares of Dolma Corp: 1 5 October 2 0 X 2 , purchased 2

London Ltd. reported the following transactions and information regarding the shares of Dolma Corp:
15 October 20X2, purchased 2,100 shares at $38 per share plus $1,800 commission.
1 December 20X2, received $0.40 per share cash dividend.
31 December 20X2, fair value is $33 per share.
1 December 20X3, received $0.40 per share cash dividend.
31 December 20X3, fair value is $41 per share.
15 November 20X4, sold 700 shares at $36 per share less $635 commission.
1 December 20X4, received $0.40 per share cash dividend.
31 December 20X4, fair value is $35 per share.
Required:
1. Show the amounts and accounts that would be reported in earnings and the statement of financial position for 20X2,20X3, and 20X4 if the company uses the: (Negative amounts should be indicated by minus sign.)
a. Cost method.
b. FVTPL method.
c. FVOCI-Equity method; realized amounts are transferred to retained earnings.

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