Reports detail for the year 2016, 2017, 2018 followed respectively FAIR VALUE INFORMATION INVESTMENT PROPERTY INFORMATION FAIR
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Question:
Reports detail for the year 2016, 2017, 2018 followed respectively
FAIR VALUE INFORMATION | INVESTMENT PROPERTY INFORMATION | ||||||||||||
FAIR VALUE ASSET LEVEL 1 | FAIR VALUE ASSET LEVEL 2 | FAIR VALUE ASSET LEVEL 3 | FAIR VALUE LIABILITY LEVEL 1 | FAIR VALUE LIABILITY LEVEL 2 | FAIR VALUE LIABILITY LEVEL 3 | FAIR VALUE GAIN | FAIR VALUE LOSS | VALUE FOR INVESTMENT PROPERTY | WAS INVESTMENT PROPERTY L1, L2 OR L3 | EXTERNAL VALUER (YES OR NO) | INTERNAL VALUERS (YES OR NO) | BOTH (INTERNAL AND EXTERNAL VALUERS) | |
$ - | $ 13.00 | $ 977,313.00 | $ - | $ - | $ 4,800.00 | $ 38,927.00 | $ 516,145.00 | L3 | YES | NO | NO | ||
$ - | $ - | $ 1,186,372.00 | $ - | $ 174.00 | $ 174.00 | $ 59,712.00 | $ 711,210.00 | L3 | YES | NO | NO | ||
$ - | $ 19,283.00 | $ 1,390,395.00 | $ - | $ 136.00 | $ 777.00 | $ 58,217.00 | $ 622,807.00 | L3 | YES | NO | NO |
question
in essay form
Critically analyze:
The statement of comprehensive income of the company
* E.g The trend of fair value gains, fair values losses, their impacts on company’s profits (ROE, ROA)
The statement of Financial position of the company
*E.g fair value assets, fair value liabilities (Level 1, Level 2, Level 3) in relation to total assets. Analysis of investment property values (Note: investment properties are usually valued at Level 3 fair values in the real estate industry)
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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