Financial assets and financial abilities will be redeemed in 5 years' time, the statement of changes in equity B 4 Sharp Co has 5% $1 redeemable preference shares in issue who How should the preference share capital and preference dividend be presented in the financial statements of Sharp A Preference share capital as equity and preference dividend Preference share capital as equity and preference dividend Preference share capital as a liability and preference dividend D Preference share capital as a liability and preference divided McTagg purchased 1 million shares in Bauer Co, a listed company for $4 million on 1 January 20X7. By the year end, 31 December McTagg were to dispose of the shares, broker fees of $50,000 20X7, the fair value of a Bauer Co share had moved to $4.80.11 the statement of profit or loss in the statement of changes in equity. in the statement of profit or loss 5 A Hold shares in investments at $4.75 million, with $750k gain would be incurred What is the correct treatment for shares at year end? being taken to the statement of profit or loss D 6 B Hold shares in investments at $4.8 million, with $800k gain being taken to the statement of profit or loss Hold shares in investments at $4.8 million, with $800k gain shown in the statement of changes in equity Hold shares in investments at $4.75 million, with $750k gain shown in the statement of changes in equity In order to hold a debt instrument at amortised cost, which TWO of the following tests must be applied? Fair value test B Contractual cash flow characteristics test C Investment appraisal test D Business model test A