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8 An entity has bought a 25% share in another entity with a view to selling that investment within six months. The investment has been
8 An entity has bought a 25% share in another entity with a view to selling that investment within six months. The investment has been classified as held for sale in accordance with IFRS 5. How should the investment be treated in the final year accounts? (a) It should be equity accounted. (b) The assets and liabilities should be presented separately from other assets in the balance sheet under IFRS 5. (c) The investment should be dealt with under IAS 39. (d) Purchase accounting should be used for this investment.
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