Question: Please help me with this assignment! additional info: (it's about debt investment and investment in equity securities, the journal can use Fair Value methods or

 Please help me with this assignment! additional info: (it's about debt

Please help me with this assignment! additional info: (it's about debt investment and investment in equity securities, the journal can use Fair Value methods or Equity Methods, or consolidation as needed) (if the question seem incomplete or something like that, then please just do it as best as you can! since there are no correction made to this question)

Dududu Co. purchased 35% ordinary share of Tik Tik Co. and 10% ordinary share of Zaza Co. which issued at December 31, 2021. Dududy Co paid $730.000 to get 125.000 TikTik's shares and paid $420.000 to get 61.000 Zaza's shares. Tiktik Co paid cash dividend in total of $832.000 to all of its shareholders whereas Zaza Co. declared and paid cash dividend $ 8/shares at December 31, 2022. Net income TikTik Co. during 2022 is $1.940.000 and net loss of Zaza Co. during 2022 is $77.000. Fair value ordinary share TikTik Co. at December 31, 2022 is $ 6/shares and Fair value ordinary share Zaza Co. at December 31, 2022 is $8/shares. Please help Dududu Co. to make the journal related of these transactions (assumption: Trading)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!