A Company had acquired xx shares and classified them as Fair Value Through Net Income (FV-NI)....
A Company had acquired xx shares and classified them as Fair Value Through Net Income (FV-NI). On year end the fair value of the shares decreased to yy per share.
what is the impact of the year-end adjusting entry on the accounting equation:
Assets (increase/decrease/no impact) = Liabilities (increase/decrease/no impact) + Shareholder's Equity (increase/decrease/no impact)
A Company had acquired xx shares and classified them as Fair Value Through Other Comprehensive Income (FV-OCI). On year end the fair value of the shares decreased to yy per share.
what is the impact of the year-end adjusting entry on the accounting equation:
Assets (increase/decrease/no impact) = Liabilities (increase/decrease/no impact) + Shareholder's Equity (increase/decrease/no impact)
Homework Answers
FV-NI--> Assets(decrease)=Liability(No impact)+ Shareholder's Equity (decrease)
FV-OCI--> Assets(decrease)=Liability(No impact)+ Shareholder's Equity (decrease)
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A Company had acquired xx shares and classified them as
Fair Value Through Net Income (FV-NI)....
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