Salmon Corporation purchased an investment in 2020 (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?

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The Answer of Salmon Corporation purchased an investment in 2020 (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?

Salmon Corporation Purchased an Investment in 2020 (An Equity Investment