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Entity A acquires an investment of P100,000.00. Transaction costs amount to P10,000.00 Prepare the entry to record the initial measurement if the asset is classified

Entity A acquires an investment of P100,000.00. Transaction costs amount to P10,000.00

Prepare the entry to record the initial measurement if the asset is classified as a. Financial Asset Held for trading b. Held to maturity investments c. Available for sale assets

Prepare the entry to record subsequent measurements assuming that the investment has a fair value at the end of the period of P120,000.00

a. Financial Asset Held for trading

b. available for sale assets

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