Page 412 - F2 Integrated Workbook STUDENT 2019
P. 412
Chapter 19
Example 3.5 cont'd
Subsequent treatment
The subsequent treatment of a FVOCI financial asset is to revalue to fair value,
with any gains or losses taken to other comprehensive income.
$
Fair value at year end (15,000 × 7.35) 110,250
Carrying amount (96,450)
–––––––
Gain to other comprehensive income 13,800
–––––––
Dr FVOCI financial asset 13,800
Cr FVOCI reserve 13,800.
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