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Salmon Corporation purchased an investment in 2023 (an equity investm.pdf

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Salmon Corporation purchased an investment in 2023 (an equity investment without significant influence). The purchase price of $94,000 included transaction costs of $1,000. Assuming the transaction costs were capitalized, and Salmon follows IFRS, which accounting method did Salmon use to account for this investment? fair value through net income (FV-NI) fair value through other comprehensive income (FV-OCI) amortized cost equity.

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Salmon Corporation purchased an investment in 2023 (an equity investment without significant influence). The purchase price of $94,000 included transaction costs of $1,000. Assuming the transaction costs were capitalized, and Salmon follows IFRS, which accounting method did Salmon use to account for this investment? fair value through net income (FV-NI) fair value through other comprehensive income (FV-OCI) amortized cost equity

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Salmon Corporation purchased an investment in 2023 (an equity investm.pdf

  • 1. Salmon Corporation purchased an investment in 2023 (an equity investment without significant influence). The purchase price of $94,000 included transaction costs of $1,000. Assuming the transaction costs were capitalized, and Salmon follows IFRS, which accounting method did Salmon use to account for this investment? fair value through net income (FV-NI) fair value through other comprehensive income (FV-OCI) amortized cost equity