BUSI 2001 Study Guide - Final Guide: 2 On, Weighted Arithmetic Mean, Trial Balance
24 Jan 2016
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During 2011, you acquired shares of company a for ,000 and shares of company b for. On dec 2011: the fv of a is ,000 and fv of b is ,000. Required: determine the total a. oci recycled to r/e at the time of a sale. Determine the ending balance in the accumulated oci account (s/e) as of december 31, Total a. oci recycled is calculated as the fair value at the time of sale less the original cost of the investment: ,000-,000 = ,000 realized gain (debit a. oci and credit r/e). Ending balance in the a. oci account = most recent fair value less the original cost of the fvtoci investments on hand at year end. On december 31, 2012, the investment on hand is b. Aoci account = ,000 -,000 = ,000 credit balance (because it is a gain). You start the construction of a factory in june 1, 2011 and completed it in november 30, 2012.
