Reference no: EM133015304
Question - On December 31, 2017, Norton Company holds 100,000 shares of Doux Corp. with market value of $15,250,000 and originally acquired at a total amount of $15,000,000. The investment is classified as fair value through profit or loss. On July 1, 2018, Norton Company purchased 30,000 additional shares of Doux Corp. at $152.30/share. On December 31, 2018, a share of Doux Corp. has a fair value of $153/share. What is the gain or loss from change in fair value to be recognized in profit or loss in 2018? Is it a gain or loss?
On December 31, 2017, Tuwae Inc. holds 50,000 shares of Nail Corp. with market value of $6,300,000 and originally acquired at a total amount of $5,900,000. The investment is classified as fair value through other comprehensive income. On March 1, 2018, a 3-for-2 stock split was completed by Nail Corp.; On September 30, 2018, Tuwae sold 21,000 shares of Nail Corp. for its fair value of $73/share. On December 31, 2018, a share of Nail Corp. has a fair value of $75/share. What is the balance of Unrealized Gain or Loss? Determine the Other Comprehensive Income to be transferred to Retained Earnings the sale of the investment on September 30, 2021? Write whether it's a credit or debit.
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What is the carrying amount of the financial asset
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What is the gain or loss from change in fair value
: On December 31, 2018, a share of Doux Corp. has a fair value of $153/share. What is the gain or loss from change in fair value to be recognized
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