QUESTION $3$

Entity A invested in $3,386,000$ shares of a listed company on $1$ October $2023$ at a cost of $$3\mathrm{.}68$ per share.

On $31$ December $2023,$ the shares had a market value of $$6\mathrm{.}94$ per share.

Entity A is not planning on selling these shares in the short term and elects to hold them as Fair Value through Other Comprehensive Income.

REQUIRED:

$(1)$ Measure the amounts of the financial asset recognised in the Statement of Financial Position on $31$ December $2023.$

$(2)$ Measure the amounts recognised in the Statement of Profit or Loss for the financial asset of the year $2023.$

$(3)$ Measure the amounts of the Fair Value Reserve recognised in the Statement of Financial Position on $31$ December $2023.$

ANSWERS:

$(1)$ The answer $=$$

$(2)$ The answer $=$$

$(3)$ The answer $=$$

$($If it is a gain of $$10,$ enter $10.$ If it is a loss of $$10,$ enter $-10.)$