Entity A holds a small number of shares in entity B. The shares are classified as available-for-sale.
Question:
Entity A holds a small number of shares in entity B. The shares are classified as available-for-sale. On 31 March 2010, the shares’ fair value is EUR 2,400 and the cumulative gain recognised in OCI is EUR 400. On the same day, entity B is acquired by entity C, a large listed company. As a result, entity A receives shares in entity C at a fair value of EUR 2,600.
What should entity A do in connection with the transactions described above?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
2+ Reviews
10+ Question Solved
Related Book For 
Advanced Financial Accounting An International Approach
ISBN: 9780273712749
1st Edition
Authors: Jagdish Kothari, Elisabetta Barone
Question Posted:
