1. PFRS 13 on Fair value measurement sets the rule on

1. How to measure fair value
2. What to measure fair value
3. When to measure fair value
4. How to account for subsequent changes in fair value

1. 1 only
2. 1 and 2 only
3. 1, 2 and 3 only
4. 1, 3 and 4 only

2. On January 1, 2011, Gavin Company purchased 5-year bonds with face value of $8,000,000 and stated interest of 10% per year payable semiannually January 1 and July 1. The bonds were acquired to yield 8%. Present value factors are:

Present value of an annuity of 1 for 10 periods at 5%	7.72
Present value of an annuity of 1 for 10 periods at 4%	8.11
Present value of 1 for 10 periods at 4%	0.6756

What is the carrying amount of the bond investment on December 31, 2011?

3. On January 1, 2016, Tan Company purchased equity securities designated as financial assets measured at fair value through other comprehensive income. The cost and fair value were:

	Cost	Fair value 12/31/16	Fair value 12/31/17
Sibilis Co shares	$3,000,0000	$3,200,000
Saka Co shares	4,000,000	3,500,000	3,700,000
Kozy Co shares	5,000,000	4,600,000	4,700,000

What amount of unrealized gain or loss on the remaining financial assets should be reported in the 2017 statement of comprehensive income as component of other comprehensive income?

What amount of unrealized gain or loss on the remaining financial asset should be reported in the 2017 statement of financial position as other comprehensive income?