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AE3 - Accounting for equity investments (L03) Boo Han Ltd has its financial year ends on 31 December. During the current year, Boo Han Ltd
AE3 - Accounting for equity investments (L03) Boo Han Ltd has its financial year ends on 31 December. During the current year, Boo Han Ltd paid $10 per share for a 10% stake in BOU Ltd., a company listed on the Stock Exchange. BOU Ltd.'s total outstanding shares was 500,000. The closing price of BOU's shares on 31 December rose to $15. Required: (a) Show how Boo Han disclose the BOU investment in its balance sheet as at 31 December. (b) Would the disclosure be different if Boo Han choose to irrevocably clarify the investment in BOU Ltd as FVOCI investment
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