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Question - The firm recorded the following transactions in connection with equity investments:

1. 2 000 units of shares were bought (face value: 100 000 HUF/unit) at a purchase price of 110%. The firm intends to keep the shares on a short term, recognized them as FVTPL. The current market price is 120 000 HUF/unit. This package represents a 12% ownership in the issuer company.

2. The firm needed urgent money, that's why 80% of the package was sold at a selling price of 105%.

Required - Record the above transactions.

Reference no: EM132924927

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