Financial Asset AT FAIR Value (with answer)

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Course: Accountancy (BSA)

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University: St. Mary's College of Tagum, Inc.

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PAA 1 FINANCIAL ASSET AT FAIR

VALUE; EQUITY INVESTMENTS

1.

1/1

810,000

2. How much is the gain on sale of investment when Jerusalem shares were

sold?

1/1

380,000

3. What amount is credited to Investment in shares when Jerusalem shares

were sold?

1/1

220,000

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Financial Asset AT FAIR Value (with answer)

Accountancy (BSA)

St. Mary's College of Tagum, Inc.

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