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Exam F2 All Questions
Exam F2 All Questions

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CIMA Management F2 Question # 73 Topic 8 Discussion

F2 Exam Topic 8 Question 73 Discussion:
Question #: 73
Topic #: 8

KL acquired 2 million $1 equity shares in MN on 18 July 20X0 for $1.65 a share and classified this investment as available for sale (AFS) in accordance with IAS 39 Financial instruments: Recognition and Measurement.

F2 Question 73

KL paid a 0.5% transaction fee to its broker on this transaction. MN's shares were trading at $1.78 on 31 December 20X0.

Which of the following journals records the subsequent measurement of this investment at 31 December 20X0?


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