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1. Information on the Black PLC fixed income investment portfolio is the following (in EUR): Company A Company B Company C Classification Available for sale

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1. Information on the Black PLC fixed income investment portfolio is the following (in EUR): Company A Company B Company C Classification Available for sale Held to maturity Held to maturity Cost 35 000 40 000 53 000 Market value, 31 39 000 38 000 52 000 Dec 2013 Market value, 31 38 000 37 000 55 000 Dec 2014 What is the balance sheet carrying value of Black PLC investment portfolio as 31.12.2014? The balance sheet carrying value of Black Inc.'s investment portfolio would be higher if which of the securities had been reclassified as held for trading security? Explain why

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