Linda Bhd acquires the following shares in Bursa Malaysia on 15 November 2017 for long term...

 

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Linda Bhd acquires the following shares in Bursa Malaysia on 15 November 2017 for long term investment (available for sale) and decided to measure this investment at fair value. No. Company Detail of the shares acquired 1. Naz Bhd - 100,000 ordinary shares @RM2 per share which equal to RM200,000 - Transaction cost RM3,000 Ros Bhd - 200,000 ordinary shares@RM3 per share which equal to RM600,000 - Transaction cost RM5,000 During the accounting period ended 31 December 2018, the price of the shares are as follows: Ordinary shares Share price on 31 Share price on 31 of: Dec 2017 Dec 2018 Naz Bhd RM1.70 per share RM1.50 per share Ros Bhd RM4.00 per share RM3.20 per share You are required to: calculate gain or loss on fair value for each relevant year. prepare relevant journal entries. 2. Linda Bhd acquires the following shares in Bursa Malaysia on 15 November 2017 for long term investment (available for sale) and decided to measure this investment at fair value. No. Company Detail of the shares acquired 1. Naz Bhd - 100,000 ordinary shares @RM2 per share which equal to RM200,000 - Transaction cost RM3,000 Ros Bhd - 200,000 ordinary shares@RM3 per share which equal to RM600,000 - Transaction cost RM5,000 During the accounting period ended 31 December 2018, the price of the shares are as follows: Ordinary shares Share price on 31 Share price on 31 of: Dec 2017 Dec 2018 Naz Bhd RM1.70 per share RM1.50 per share Ros Bhd RM4.00 per share RM3.20 per share You are required to: calculate gain or loss on fair value for each relevant year. prepare relevant journal entries. 2.

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Cost RM Naz Bhd 100000x RM200 3000 203000 Ros Bhd 200000... View the full answer