Book2 Session5
Q7. At t=2, Kirk will report the carrying value of its financial assets as:
C$1,250
我的問題是：
1. The question says Kirk acquired shares in the equity of A & B, but how do you know that is Investment in Financial Asset since it doesn't mention anything about ownership?
2. Assuming that it is considered as Investment in Financial Asset, I remember that Investment in Financial Asset can be written up when the fair value goes up. But I also remember that, Under IFRS, Equity securities can't be written up, neither do available for sales under GAAP. We can't tell what type of investment it is if only based on the question. And if it's under IFRS, as Equity securities, the value of the investment can't be written up.
Please someone help. Thanks in advance.
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发表于 2010-12-22 14:32
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