Question

True Value Investment Properties Inc. and its subsidiaries have provided you with a list of the properties they own:
(a) Land held by True Value for undetermined future use
(b) A vacant building owned by True Value and to be leased out under an operating lease
(c) Property held by a subsidiary of True Value, a real estate firm, in the ordinary course of its business .
(d) Property held by True Value for use in the manufacturing of products Advise True Value and its subsidiaries as to the proper presentation and measurement options for the above properties under both IFRS and ASPE.


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  • CreatedSeptember 18, 2015
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