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Which accounting method did salmon use to account

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Problem 1: Salmon Corporation purchased an investment in 2020 (an equity investment without significant influence). The purchase price of $94,000 included transaction costs of $1,000. Assuming the transaction costs were capitalized and Salmon follows IFRS, which accounting method did Salmon use to account for this investment?

a. fair value through net income (FV-NI)

b. amortized cost

c. equity

d. fair value through other comprehensive income (FV-OCI)

Reference no: EM132635829

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