Anthony Raneses

9,600 184,000 32,000 1,440,000

Belanger Antoniette

16,000 288,000 240,000 5,840,000

(144,000
(8,000) ) SP 152,000

Elcana
8,000 144,000 CV 144,000

Gain… 8,000 80,000 1,280,000

Alejandra
(3,200) (51,200) SP 48,000

200,000 163,440 76,800 1,228,800 CV (51,200)

RE (3,200)
Amortized Cost

0.14 1,900,000 1/1/2018

240,000 266,000 26,000 1,926,000 12/31/2018 Interest income

240,000 269,640 29,640 1,955,640 12/31/2019 Alejandra - 200,000 x 10% = 20,000

Lester Ryan 269,640

Investment at FMVTOCI 2,020,000 289,640

Gain on reclassification 64,360

Investment at amortized cost 1,955,640

FMV -
Trading Securities 2019 FMV - 2018

Anthony - 9,600 x 22 = 211,200 184,000

Belanger - 8,000 x 15 = 120,000 144,000

Alejandra - 151,200 163,440

482,400 491,440

FMV -
Investment at FMVTOCI 2019 Cost

Raneses - 32,000 x 42 = 1,344,000 1,376,000

Antoniette - 240,000 x 28 = 6,720,000 5,840,000

Elcana - 76,800 x 18 = 1,382,400 921,600

Lester Ryan 2,020,000 2,020,000

 11,466,400 10,157,600

SOLUTION
In A Nutshell