harry inc a publicly traded company purchased 1000 shares constituting a 40 owner ship interest in sally inc on january 1 20×1 for 150000/
Required a) Based on the above information, calculate/ show (i) journal entries made by Harry in its books relating to its investment in Sally, and (ii) the balance in its investment in Sally account at year-end, assuming that Harry treats its investment in Sally as a FVTOCI investment. b) Based on the above information, calculate/ […]