What is the amount of gain or loss should be recognised

Assignment Help Accounting Basics
Reference no: EM131939081

Question - Entity A's draft Statement of Financial Position as at 31 Mar 2018 shows financial assets at fair value through profit or loss with a carrying amount of $12,500,000 as at 1 Apr 2017.

These financial assets are held in a fund whose value changes directly in proportion to a specified market index. At 1 Apr 2017 the relevant index was 1,200 and at 31 Mar 2018 it was 1,296.

What is the amount of gain or loss should be recognised at 31 Mar 2018 in respect of these assets.

Reference no: EM131939081

Questions Cloud

Calculate cranes direct materials price variance for month : The company actually used 3,950 pounds of the plastic to produce 15,600 dive masks. Calculate Crane's direct materials price variance for the month
Find the budgeted required production for august : The ending finished goods inventory should equal 20% of the following month's sales. The budgeted required production for August is closest to
How many units is the company expecting to sell : Desired ending inventory of finished goods - January 30,000 & February 36,000. How many units is the company expecting to sell in the month of February
Compute the test statistic h : a. State the null and alternative hypotheses? b. What is the critical value of the test statistic for an a = 0.05 test?
What is the amount of gain or loss should be recognised : At 1 Apr 2017 the relevant index was 1,200 and at 31 Mar 2018 it was 1,296. What is the amount of gain or loss should be recognised at 31 Mar 2018
Review a list of the recommended team members : Imagine that you are a new manager responsible for the IT team in a start-up company that provides hosting services for online storefronts.
Kruskal -wallis procedure to analyze the data : Use the Kruskal -Wallis procedure to analyze the data. a. When would a nonparametric procedure be preferred for data such as these?
What is the amount of the financial asset on entity : What is the amount of the Financial Asset on Entity A's Statement of Financial Position as at the end of Year 2
Piece of equipment to turn out machined parts : A manufacturer builds a piece of equipment to turn out machined parts. To study the performance of her machines, she selects 8 machines

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the book value at the end of the third year

Warner Brothers Studios uses the sum-of-the-years-digits method of depreciation. Compute the book value at the end of the third year

  Farley corporation had net income of 160000 and paid

farley corporation had net income of 160000 and paid dividends of 40000 to common stockholders and 20000 to preferred

  Prepare journal entries for the transactions for martinez co

Martinez Corporation sells rock-climbing products and also operates an indoor climbing facility. Prepare journal entries for the transactions noted above.

  Book value of stockholders equity usually differs from

book value of stockholders equity usually differs from company market value. explain three reasons why a companys book

  Ziad company had a beginning inventory on january 1 of 150

ziad company had a beginning inventory on january 1 of 150 units of product 4-18-15 at a cost of 20 per unit. during

  Calculate the balance in work in process as of june

Calculate the balance in Work in Process as of June 30

  Robertson inc sells its one product for 150 per unit the

robertson inc. sells its one product for 150 per unit. the variable cost per unit is 50. the fixed cost per year are

  The stockholders equity accounts of nardin corporation on

the stockholders equity accounts of nardin corporation on january 1 2012 were as follows. preferred stock 9 50 par

  On 1 july 2009 silver ltd leased a processing plant to

on 1 july 2009 silver ltd leased a processing plant to emerald ltd. the plant was purchased by silver ltd on 1 july

  Initial planning of an audit

Discuss the essential activities involved in the initial planning of an audit. How do these all specifically to the Smackey Dog Food client?

  Assume that production drops to only 1000 sets annually

the dorilane company specializes in producing a set of wood patio furniture consisting of a table and four chairs. the

  A company purchases merchandise on terms of 410 n60 they

a company purchases merchandise on terms of 410 n60. they can borrow at 13 percent from their bank. should they borrow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd