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A company purchased shares costing $113760 during the year. These shares are classified as FVTOCI. At the end of the year, th
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Answer #1

Solution:

Impact on statement of comprehensive income:

Revenue in profit & loss = Dividend revenue = $4,331

Unrealized holding gain in other comprehensive income = Fair value at the end of year - Cost of investment

= $164,531 -$113,760

= $50,771

Hence option b is correct.

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