Question 3 (25 marks) TT Company acquired the following shares in the Hong Kong Stock Exchange on 15 October 2020, which it intended to sell in early 2021 to take advantage of the expected changes in the share prices: (a) 250,000 ordinary shares of AAA Ltd at $40 per share plus transaction costs of $2,500; and (6) 160,000 ordinary shares of BBB Ltd at $35 per share plus transaction costs $4,800. At its year end on 31 December 2020, the shares were quoted on the Hong Kong Stock Exchange at the following prices: (a) Ordinary share of AAA Ltd: 27 per share, and (b) Ordinary shares of BBB Ltd: $45 per share. Required Discuss and demonstrate the appropriate accounting treatment for the financial assets