Page 76 - F2 Integrated Workbook STUDENT 2019
P. 76
Chapter 3
Example 3.5
Lucas invested in 15,000 shares of a listed company in November 20X7 at a
cost of $6.30 per share. Transaction costs relating to the investment were
$1,950. At 31 December 20X7, the shares have a market value of $7.35. The
shares are intended to be held for the long term and are classified to be
measured at fair value through other comprehensive income.
Required:
Prepare extracts from the statement of profit or loss for the year ended 31
December 20X7 and a statement of financial position as at that date.
68
