Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 10, 2024

The market value of an investment in shares measured at fair value through other comprehensive income under FRS 109 in KK Ltds books has increased

The market value of an investment in shares measured at fair value through other comprehensive income under FRS 109 in KK Ltds books has increased from its last carrying value. The journal entry to record this increase will include

A credit to Available for Sale Investment.

None of the listed options.

A credit to the Unrealised gain on investment (Income statement).

A credit to the Unrealised gain on investment (Other comprehensive income).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Sustainability

Authors: Gunnar Rimmel

1st Edition

0367478927, 9780367478926

More Books

Students also viewed these Accounting questions

Question

★★★★★

If the lathe in the previous problem can be sold for $5,000 at the end of year 3, what is the after-tax salvage value ?

Answered: 1 week ago

Question

★★★★★

Create a graph with the given properties. There are many possible answers for each problem. Three even vertices and one loop.

Answered: 1 week ago

Question

★★★★★

1. In mathematics class, ask students to point out all the examples of right angles that they can find in the room.

Answered: 1 week ago

Question

★★★★★

Tasty Beverages began business in 2010 selling bottles of a thirst-quenching drink. Production for the first year was 104,000 bottles, and sales were 98,000 bottles. The selling price per bottle was...

Answered: 1 week ago

Question

★★★★★

The SHORT SALE of a stock at $60 with 50% initial margin would result in a margin call for 30% maintenance margin, if the stock price rises to (Note: the percent equity formula is different for...

Answered: 1 week ago

Question

★★★★★

From this case; BLEWMINDS: LEVERAGING INFLUENCER COMMUNICATION STRATEGIES https://www.coursehero.com/file/178763282/Leveraging-Influencer-Communication-Strategiespdf/ what are two overall issues

Answered: 1 week ago

Question

★★★★★

answer management interview questions 1-Describe your skills, knowledge, and experience in managing office policies and procedures, such as developing and implementing project proposals, budgets, or...

Answered: 1 week ago

Question

★★★★★

Once a strategy for performance improvement has been determined, how can organizations gain the long-term commitment and investment of time required by all levels of the organization to implement the...

Answered: 1 week ago

Question

★★★★★

What makes the store manager of a retail company a classic example of an operations manager. Hint: please refer to large retail companies

Answered: 1 week ago

Question

★★★★★

Consider the following workplace research example: Within one company division, employees were asked to create self-managed work groups in order to accomplish an important company objective. Leaders...

Answered: 1 week ago

Question

★★★★★

Define and describe the types of manufacturing, services, and extraction industries. Give examples. 2. What are the various categories of services? Give examples for each category? 3. How do services...

Answered: 1 week ago

Question

★★★★★

OUTCOME 2 Identify the legal framework, including the Charter and human rights legislation.

Answered: 1 week ago

Question

★★★★★

OUTCOME 4 Discuss the Employment Equity Act with respect to its origins, its purpose, and its continued enforcement and the implementation of employment equity in organizations.

Answered: 1 week ago

Question

★★★★★

OUTCOME 5 Discuss sexual harassment as an employment equity issue.

Answered: 1 week ago

Previous Question Next Question