Page 172 - SBR Integrated Workbook STUDENT S18-J19
P. 172
Chapter 12
Example 5
Investments in shares
On 30 June 20X1, Lemon purchased 1,000,000 of the ordinary shares in
Ginger, a public limited company. The shares cost $5 each and transaction
costs were $0.1 million.
At the reporting date of 31 December 20X1, the shares were quoted at $5.50
each.
What accounting entries does Lemon need to post to record the above
information assuming that:
the shares were designated to be measured at fair value through
other comprehensive income?
no designation was made?
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