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Please help for my accounting. On 7th of March 2021, Perfect Furniture purchased 1,000 shares of a company, each costing $15. on 31st March the
Please help for my accounting.
On 7th of March 2021, Perfect Furniture purchased 1,000 shares of a company, each costing $15. on 31st March the value of each share dipped to $14. By June 30th, value went up to $14.60 By Septermber 30, value per share was $15.80 and on Dec 31, 2021, the value was $15.60 All shares were sold on Feb 12th, 2022 at $16.75. Perfect Furnitures categrized this investment as FVTPL (Held For Trading) closes its books on 31st March every year.
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