At December 3 1 , 2 0 2 3 , the equity investments of Flounder Inc. that
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Question:
At December the equity investments of Flounder Inc. that were accounted for using the FVOCI model without recycling were as follows:
Investment
Cost and Carrying Amount
Fair Value
ahn Inc.
$
$
$
Burnham Corp.
Chi Ltd
Total
$
$
Unrealized Gain Loss
$
Because of a change in relationship with ahn, Flounder sold its investment in ahn for $ on January No other investments were acquired or sold during ; however, a dividend of $ was received from Burnham in June. At December the fair values of Burnham and Chi shares were $ and $ respectively.
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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