Homework Answers
Answer is option d) $12,450
Number of shares held on January 1 2017 = 1004
market value as on December 31 2016 ( January 1 2017) = $12.40
Total value = $12450
If the investment is held FVTOCI, no adjustment is need for fair value
then the investment value will be 1004 x 17.97 = $18,042
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