QUESTION $2$

Entity A invested in $5,655,000$ shares of a listed company on $1$ November $2023$ at a cost of $$7\mathrm{.}35$ per share.

On $31$ December $2023,$ the shares had a market value of $$8\mathrm{.}99$ per share. 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 $2023.$

$(2)$ Measure the value of the shares recognised in the Statement of Financial Position on $31$ December $2023.$

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 value of the shares $=$$