ABC Corp has excess cash to invest and wants to buy shares of XYZ Inc to profit from the changes in their value. The company follows IFRS and will account for its investment in XYZ inc using the FV-NI method and has a December 31 year end. The share price of XYZ Inc was $56.52 on March 1, $66.52 on September 15, and $61.50 on December 31. ABC Corp purchased 51.970 shares of XYZ inc on March 1 ard sold 33,091 of them on September 15. It still owned the remaining shares on December 31. The company paid a per-share commission fee of 1.97% of the share price on the day of buying or selling the shares Assuming the company record all investment income, gains, fees, and losses in one account, how much net investment income or loss was recorded during the year on its investment in the shares of XYZ Inc? Oa $138281 Ob S131535 Oe $145026 Od. $141653 O. $13490e

ABC Corp has excess cash to invest and wants to buy shares of XYZ Inc to profit from the changes in their value. The company follows IFRS and will account for its investment in XYZ inc using the FV-NI method and has a December 31 year end. The share price of XYZ Inc was $56.52 on March 1, $66.52 on September 15, and $61.50 on December 31. ABC Corp purchased 51.970 shares of XYZ inc on March 1 ard sold 33,091 of them on September 15. It still owned the remaining shares on December 31. The company paid a per-share commission fee of 1.97% of the share price on the day of buying or selling the shares Assuming the company record all investment income, gains, fees, and losses in one account, how much net investment income or loss was recorded during the year on its investment in the shares of XYZ Inc? Oa $138281 Ob S131535 Oe $145026 Od. $141653 O. $13490e

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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