Use the same example in P9.11. The investment is reclassified from FVOCI to amortized cost on 1 January 2012. Prepare the journal entries on 1 January 2012 to record the reclassification of the investment.

Data from P9.11

Repeat part 1 in P9.10 if the investment is also held for sale, in addition to collecting contractual cash flows. Ignore expected credit loss estimation in this question.

Data from P9.10

1. Prepare the journal entries for the bond transaction in A Co’s books on 1 January 2010, 30 June 2010, 31 December 2010, 30 June 2011 and 31 December 2011 in accordance with IFRS 9. Ignore taxes. Ignore expected credit loss estimation in this question.