Business, 09.02.2022 21:40 jay3676

On December 31, Platinum Gems common shares are publicly listed on the stock exchange at a value of $64 per share (2 million shares were purchased on April 1 for $62 per share). Select the appropriate year-end adjusting entry, if any. a. no adjusting entry is needed b. Dr. Cash $4 million Cr. Investment in Platinum Gems $4 million c. Dr. Investment in Platinum Gems $4 million Cr. OCI $4 million d. Dr. Investment in Platinum Gems $4 million Cr. Unrealized gain on fair value of investments (P&L) $4 million

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On December 31, Platinum Gems common shares are publicly listed on the stock exchange at a value of...

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