On February 1 5 , Alpha Inc purchased 3 6 , 0 0 0 common shares of

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Question:

On February

15,

Alpha Inc purchased

36, 000

common shares of Beta Corp. at $

30

each, plus transaction costs totaling $

9, 000 .

During the year, Beta Corp. paid a dividend of $

1.25

per share. At year

-

end, the market price of Beta Corp.

'

s common shares was $

33 .

Assuming that Alpha Inc accounts for this investment under the FVPL model, what is the amount to be reported for the investment in the SFP

?

Related Book For answer-question

International Financial Reporting and Analysis

ISBN: 978-1408075012

5th edition

Authors: David Alexander, Anne Britton, Ann Jorissen

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Posted Date: Mar 30, 2024 03:48 AM

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On February 1 5 , Alpha Inc purchased 3 6 , 0 0 0 common shares of

Question:

Expert Answer:

Under the Fair Value through Profit or Loss FVPL model the investment in Beta Corp will be reported ... View the full answer

International Financial Reporting and Analysis

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