Q.32 Afternoon session
It’s stating if securities listed in the equity portfolio table were eligible to be designated as investments at fair value were so designated…the amount that the equity portfolio would contribute to Foster’s NI is for the year is closest to…:
Where in the question did it even hint that its asking you to convert two of the equities classified as available for sale to held for trading? You cant do that under IFRS I thought and the answer was changing those available for sale into held for trading by realizing the unrealized gain in the income statements.
This question is truly retarded. Available for sale secs are already listed at fair value.
