Use the same example in P9.12 . The investment is reclassified from FVTPL to amortized cost on 1 January 2012.

Prepare the journal entries on 1 January 2012 to record the reclassification of the investment.

Data from P9.12

Repeat part 1 in P9.10 if the investment is held for sale but not for collection of contractual cash flows.

Data from P9.10

1. Prepare the journal entries for the bond transaction in A Co’s books on 1 January 2010, 30 June 2010, 31 December 2010, 30 June 2011 and 31 December 2011 in accordance with IFRS 9. Ignore taxes. Ignore expected credit loss estimation in this question.