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CIMA Exam CIMAPRA19-F02-1 Topic 2 Question 114 Discussion
Actual exam question for
CIMA's
CIMAPRA19-F02-1 exam
Question #: 114
Topic #: 2
[All CIMAPRA19-F02-1 Questions]
Topic #: 2
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 andMeasurement.
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?
Suggested Answer:
A
Sherell
6 days ago