Thorsby Corporation acquired 2,000 common shares of Warburg…

Thorsby Corporation acquired 2,000 common shares of Warburg Inc. for $87,560 on January 1, 2025. Thorsby account for them using FV-OCI. Warburg declared and paid a cash dividend of $4.5 per share during 2025. The fair value of Warburg share was $52 as at December 31, 2025.  RequirementPrepare the journal entries to record the following transactions(a)    The acquisition of Warburg share(b)    The dividend received(c)    The fair value adjustment

At December 31, 2025, Inspiron Corporation has the following…

At December 31, 2025, Inspiron Corporation has the following equity securities (no significant influence) that were purchased earlier in 2025, its first year of operation: Cost Market Flora Company $50,000 $51,875 Core Limited $70,000 $77,500 Total $120,000 $129,375 If the investments are being accounted for under the fair value through net income (FV-NI) model, the total book value of the investment accounts should

Nisku construction company began work under non-cancellable…

Nisku construction company began work under non-cancellable contract with a contract price of $4.8 million. The job was completed in 2025. Other details are as follows: 2023 2024 2025 $ $ $ Cost incurred to date 1,200,000 2,475,000 3,210,000 Estimated costs to complete 1,800,000 825,000 0 Billing to date (non-refundable) 900,000 2,700,000 4,800,000 Collections to date 810,000 2,430,000 4,275,000 Requirement (a)    Calculate the amount of gross profit to be recognized in 2024, assuming the percentage of completion method is used. (b)    Calculate the amount of gross profit to be recognized in 2024, assuming the completed contract method is used. Show all your workings. 

Kananaskis Corporation purchased 30% of the common shares of…

Kananaskis Corporation purchased 30% of the common shares of Waterton a few years ago. Management expects to receive dividends of ${a},000 for each of the two years, although there is {b}% chance that dividends could be ${c},000 each year. The risk-free rate is {d}% and the risk-adjusted rate is {e}%. After two years, the shares will be sold at ${f},000.  Requirement:Calculate the fair value of the investment in Waterton using the traditional approach. Round your answer to the whole number.

Evansburg Corporation acquired 20% interest in Cynthia Compa…

Evansburg Corporation acquired 20% interest in Cynthia Company for $45,000 on January 1, 2025. During 2025 Cynthia reported net income of $25,000 and paid a total cash dividend of $10,000.  RequirementPrepare the journal entries for the investment in Cynthia Company, assuming Evansburg uses equity method. 

A client has been in psychoanalytic therapy for several mont…

A client has been in psychoanalytic therapy for several months to address chronic relationship difficulties. Whenever the therapist asks about the client’s feelings toward their parents, the client suddenly begins discussing work-related topics, jokes about the question, or insists that childhood experiences are irrelevant. As sessions progress, the client also begins arriving late whenever emotionally painful family issues are scheduled for discussion. Which psychoanalytic technique would be most appropriate for understanding and addressing this pattern?  

During a counseling session, a client says: “I want to apply…

During a counseling session, a client says: “I want to apply for graduate school, but I probably won’t decide until I hear what my parents, grandparents, and other relatives think. What happens next depends on what my extended family believes I should do.” Which of the following best describes the client’s perspective?