Starfin Limited invested 1 million in the equity shares in the stock market. The management wants this
Question:
Starfin Limited invested ₹1 million in the equity shares in the stock market. The management wants this investment to be measured at amortized cost as this is intended to be held for longterm. Please advise options available to the company for classification.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The classification of financial instruments such as equity shares is determined by the companys intention and the business model for managing those fi...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
134+ Reviews
426+ Question Solved
Related Book For 
Question Posted:
