Entity A invested in 222,000 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 remeasurement of the shares recognised in the Statement of Profit or Loss on 31 December 2019.

(2) Measure the value of the shares recognised in the Statement of Financial Position on 31 December 2019.

ANSWERS:

(1) The gain or loss of remeasurement = $ (If it is a gain of $10, enter 10. If it is a loss of $10, enter -10.)

(2) The shares = $