Exam F2 Topic 1 Question 124 Discussion

Actual exam question for CIMA's F2 exam
Question #: 124
Topic #: 1
ST acquired two financial investments in the year to 31 December 20X8. One of these investments was initially classified as held for trading, the other as available for sale. ST remeasured both investments at fair value at 31 December 20X8 in accordance with IAS 39 Financial Instruments: Recognition and Measurement. The resulting gains were calculated as follows:
* Gain on held for trading investment $50,000
* Gain on available for sale investment $40,000
What was the value of the gain that ST presented in its other comprehensive income when it prepared its financial statements for the year to 31 December 20X8?
Give your answer to the nearest $000.
$ ? 000

Suggested Answer:

40, 40000

by Ursula at Feb 16, 2024, 02:20 PM

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