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Nile Company held the following financial assets as trading investments on December 31, 2019: Cost Market Value 775,000 825,000 100,000 shares of Company A nonredeemable
Nile Company held the following financial assets as trading investments on December 31, 2019: Cost Market Value 775,000 825,000 100,000 shares of Company A nonredeemable Preference share capital, par value P75 7,000 shares of company B preference share capital, Par value P1,00, subject to mandatory Redemption by the issuer at par on December 31, 2020 690,000 625,000 In December 31, 2019 statement of financial position, what is the total carrying amount of the investments? 1,400,000 1,465,000 O 1,475,000 0 1,450,000
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