Question
Entity A invested in 22,000 shares of a listed company on 1 November 2019 at a cost of $4.25 per share. On 31 December 2019,
Entity A invested in 22,000 shares of a listed company on 1 November 2019 at a cost of $4.25 per share.
On 31 December 2019, the shares have a market value of $4.73. The shares are held for trading.
The end of the reporting period is 31 December.
REQUIRED:
(1) Measure the gain or loss of measurement of the shares recognized in the Statement of Profit or Loss on 31 December 2019.
(2) Measure the value of the shares recognized in the Statement of Financial Position on 31 December 2019.
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
