Question: Using the information given below, calculate the value of financial asset as on 31.12.2018 on the basis that a. It is classified as FVTPL ,

Using the information given below, calculate the value of financial asset

Using the information given below, calculate the value of financial asset as on 31.12.2018 on the basis that a. It is classified as FVTPL , (2.5 marks) b. Value of impairment if it is classified on Amortization basis (2.5 marks) (Total 5 marks) A commercial company purchased a five-year bond on 1 January 2018 at a cost of OMR 18,000,000. The rate of annual interest on the investment was 10%. Which is also the effective rate payable on 31 December every year. At the reporting date of 31.12.2018, interest has been received as expected and the market rate of interest increased to 12% now

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Using the information given below, calculate the value of financial asset as on 31.12.2018 on the basis that a. It is classified as FVTPL, (2.5 marks) b. Value of impairment if it is classified on...

Question 1 Using the information given below, calculate the value of financial asset as on 30.06.2019. A commercial company purchased a five-year bond on 1 July 2019 at a cost of OMR 27,000,000. The...

a) TEE Bhd has issued 5 million ordinary shares, with a market price of RM each. The company has RM1 million of irredeemable 13% debentures in issue, with a market price of RM85 per RM100 nominal...

Please Complete the FCFE table given below and just answer question 1,2 and 7. ABC Corporation's financial statements for 2017, 2018 and 2019 are given below. 31.12.2017 31.12.2018 31.12.2019 ABC...

This is one multi-part question. I decided to split the question into two parts for the purpose of a better explanation.I posted one part before and 1,2,3,4 is already answered on Chegg. so please...

Please answer the questions below by using the information given. 1. Calculate Cash Flow from Investment for 2018. 2. Calculate Free Cash Flow to Equity (FCFE) for 2018. 3. ABC Corporations beta is...

This is Multi-part question. just in case for a better explanation, do I need to post it into two parts?!.. ABC Corporation's financial statements for 2017, 2018 and 2019 are given below. 31.12.2017...

a-2. Use the horizontal model to record the effects of subscription revenue earned during August 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a...

Question 3 [Total 35 marks] a) PTL Bhd has issued 5 million ordinary shares, with a market price of RM9 each. The company has RM1 million of irredeemable 13% debentures in issue, with a market price...

PLEASE HELP IT URGENT I have limited time please MM -ost-rod-to-the content boarden.com P80% Question 3 [Total 35 marks] a) PTL Bhd has issued 5 million ordinary shares, with a market price of RM9...

Stockholders' equity totaled $82,000 at the beginning of the year. During the year, net income was $12,000, dividends of $3,000 were declared and paid, and $10,000 of common stock was issued at par...

Furniture Specialties is a company that make two types of dining tables: Simple and Futuristic. There are two types of direct materials: Pine and Mahogany woods. Direct manufacturing labor workers...

3. Slowdown in Labor Productivity Growth What slowed the rate of growth in labor productivity during the 19731982 period?

QUESTION 25 4 points One way to quantify the advantage you have in a particular business over competition is to use which of the following. O perceptual mapping. O regression analysis O...

4. What is meant by the following statement, What we take for granted in a social situation may actually prove to be mechanisms that govern how we evaluate and act in the situation?

6. What is meant by the following statement, the methods used to uncover (construct) reality guide our thinking and actions in relation to this reality?

1. Discuss the following statements: (a) A person who describes something, ignores something else. (b) Our description of something will always be different from the thing we describe. (c) Our social...