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Question On 30 June 2022, Cool Ltd purchased 5,000 corporate bonds in East Ltd at $10.00 per bond. On acquisition, Cool Ltd classified this
Question On 30 June 2022, Cool Ltd purchased 5,000 corporate bonds in East Ltd at $10.00 per bond. On acquisition, Cool Ltd classified this investment in financial assets as bein at fair value through other comprehensive income. At 30 June 2023, the fair value of the corporate bonds had increased to $14.00. .At 30 June 2024, the fair value of the corporate bonds had decreased to $13.00. All of the corporate bonds were sold on 30 June 2024. .At 30 June 2022, the only equity item was paid-up capital of $100,000. And this has not changed. . The applicable tax rate is 30 per cent. REQUIRED ensive income for the reporting period ending 30 June 2024, in which the
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