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What amount is the investment in securities reported

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DIAWANTI inc , acquired 20 % of the outstanding share ordinary of AMALIA inc on Dec 31 2012. The purchased Price was $ 2.200.000 for 50.000 shares, AMALIA Inc, declared and paid an $ 1.85 per share cash dividend on june 30 and on Dec 31, 2013. AMALIA reported net income of $ 1.500.000 for 2013. The fair value of AMALIA share was $ 35 per share at Dec 31, 2013

Question a. Prepare the journal enries for Diawanti for 2013, assuming that Dlawanti cannot excersice significant influence over AMALIA. The securities should be classified as held for trading

Question b. Prepare the journal entries for DIAWANTI Inc for 2013, assuming that DIAWANTI can exercise significant influence over AMALIA

Question c. At what amount is the investment in securities reported on the balance sheet under each of these method

Reference no: EM132472631

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