Baudvin Ltd has an equity investment that cost 1 million on 1 January 2008. The investment is
Question:
Baudvin Ltd has an equity investment that cost €1 million on 1 January 2008. The investment is classified as an available-for-sale investment. The value of the investment at each period-end is:
31 December 2008 ........................€ 950,000
31 December 2009 ........................€1,030,000
31 December 2010 ........................€1,080,000
Baudvin Ltd sold the investment for €1,100,000 on 31 March 2011.
Required:
Show what should be reflected for the investment in Baudvin Ltd's financial statements for each period from 31 December 2008 to 2011.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For 
Financial Accounting and Reporting
ISBN: 978-1292080505
17th edition
Authors: Barry Elliott, Jamie Elliott
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