Question

Ayayai Corporation made the following purchases of investments during 2020, the first year in which Ayayai invested in equity securities:

1.		On January 15, purchased 8,100 shares of Nirmala Corp.’s common shares at $30.10 per share plus commission of $1,782.
2.		On April 1, purchased 4,500 shares of Oxana Corp.’s common shares at $47 per share plus commission of $3,033.
3.		On September 10, purchased 6,300 shares of WTA Corp.’s preferred shares at $23.90 per share plus commission of $2,619.

On May 20, 2020, Ayayai sold 2,700 of the Nirmala common shares at a market price of $32 per share less brokerage commissions of $2,565. The year-end fair values per share were as follows: Nirmala $27, Oxana $50, and WTA $25. The chief accountant of Ayayai tells you that Ayayai Corporation holds these investments with the intention of selling them in order to earn short-term profits from appreciation in their prices and accounts for them using the FV-NI model.

Assume that Ayayai Corporation follows IFRS 9.

I need help finding the ????????? areas

Repeat the parts above, assuming the investments are accounted for using FV-OCI with no recycling. Ayayai's policy is to capitalize transaction costs on the acquisition of FV-OCI investments and reduce the proceeds on disposal. In addition, the company reclassifies any gains or losses on disposition to Retained Earnings. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit (a) Jan. 15 FV-OCI Investments 2455921 Cash 245592 Apr. 1 FV-OCI Investments 214533 Cash 214533 Sep. 10 V FV-OCI Investments 153189 Cash 153189 (b) May 20 FV-OCI Investments ????????? ?????????? Unrealized Gain or Loss (To adjust to fair value at date of disposal) May 20v Cash 83835 83835 FV-OCI Investments (To record disposal) May 20 Accumulated Other Compr ?????????? ?????????? Retained Earnings (To reclassify holding gain) (07 Dec. 31 v Unrealized Gain or Loss - ?????????? FV-OCI Investments ??????????

Answer 1

	The total purchase price of these investments is:
	Nirmala:	$ 245,592 [8100*30.10+1782]
	Oxana:	$ 214,533 [4500*47+3033]
	WTA:	$ 153,189 [6300*23.90+2619]
Jan 15 2017	FV-OCIInvestments	$ 245,592
	Cash		$ 245,592
Apr 1 2017	FV-OCIInvestments	$ 214533
	Cash		$ 214533
Sep 10 2017	FV-OCIInvestments	$ 153189
	Cash		$ 153189
May 20 2017	FV-OCI Investments	$                                                                   1,971
	Unrealized Gain or Loss - OCI		$              1,971
	Cash	$ 83835
	FV-OCI Investments		$ 83835
	Unrealized Gain or Loss - OCI	$                                                                   1,971
	Retained Earnings		$              1,971
	Gross selling price of 2700shares at $32	$ 86,400
	Less: Brokerage commissions	$                                                                 (2565)
	Net proceeds from sale	$ 83,835
	Carrying amount of 2700 shares	$                                                            (81,864)
	$245,592/8100*2700
	Gain on sale of shares	$                                                                   1,971
Dec 31 2017
	Unrealized Gain or Loss - OCI	$ 3,690
	FV-OCI Investments		$ 3,690
	Shares	Cost	Fair Value
	Nirmala Corp. (5,400 shares)	$ 162,540	$ 145800
	Oxana Corp. (4500 shares)	$ 211,500	$ 225,000
	WTA Corp. (6300 shares)	$ 150,570	$ 157,500
	Total portfolio	$ 524,610	$ 528,300