Page 414 - F2 Integrated Workbook STUDENT 2019
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Chapter 19
Example 3.7
The shares are measured, using the default position, as Fair value through
profit or loss (FVPL), and revalued at the year-end with any gain or loss taken to
the statement of profit or loss. The acquisition costs are immediately written off
as an expense in the statement of profit or loss.
Statement of profit or loss $
Transaction costs (324)
Gain on FVPL investment 1,500
($2.95 – $2.70) × 6,000
406
