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Under IFRS, A)The Accounting for Non-Trading Equity Investments Deviates from the General

Question 41

Multiple Choice

Under IFRS,
$Under IFRS, A) The accounting for non-trading equity investments deviates from the general provisions for equity investments. B) Realized gains and losses related to changes in the fair value of non-trading equity investments are reported as a part of other comprehensive income and as a component of other accumulated comprehensive income. C) Dividends received in cash are always reported as income on the income statement. D) All of the choices are correct. 51.Santo Corporation declares and distributes a cash dividend that is a result of current earnings.How will the receipt of those dividends affect the investment account of the investor under each of the following accounting methods? <sup>P<\sup>52.An investor has a long-term investment in ordinary shares.Regular cash dividends received by the investor are recorded as$

A) The accounting for non-trading equity investments deviates from the general provisions for equity investments.
B) Realized gains and losses related to changes in the fair value of non-trading equity investments are reported as a part of other comprehensive income and as a component of other accumulated comprehensive income.
C) Dividends received in cash are always reported as income on the income statement.
D) All of the choices are correct.
51.Santo Corporation declares and distributes a cash dividend that is a result of current earnings.How will the receipt of those dividends affect the investment account of the investor under each of the following accounting methods?
$Under IFRS, A) The accounting for non-trading equity investments deviates from the general provisions for equity investments. B) Realized gains and losses related to changes in the fair value of non-trading equity investments are reported as a part of other comprehensive income and as a component of other accumulated comprehensive income. C) Dividends received in cash are always reported as income on the income statement. D) All of the choices are correct. 51.Santo Corporation declares and distributes a cash dividend that is a result of current earnings.How will the receipt of those dividends affect the investment account of the investor under each of the following accounting methods? <sup>P<\sup>52.An investor has a long-term investment in ordinary shares.Regular cash dividends received by the investor are recorded as$
^{P<\sup>52.An investor has a long-term investment in ordinary shares.Regular cash dividends received by the investor are recorded as}