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What is the amount to be reported for the investment

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Question - On February 15, Alberta Inc. purchased 40,000 common shares on Banff Ltd. at $40 each, plus transaction costs totaling $12,000. During the year, Banff Ltd. Paid a dividend of $1.50 per share. At year-end, the market price of Banff LTD. common shares was $38. Assuming that Alberta Inc. accounts for this investment under the FVOCI model, what is the amount to be reported for the investment in the SFP?

a. $1,612,000

b. $1,520,000

c. $1,532,000

d. $1,600,000

Reference no: EM133123274

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